<ul data-eligibleForWebStory="false"><li>Celsius is suing Tether for $4 billion over the premature liquidation of 39,500 Bitcoin during Celsius’s 2022 collapse.</li><li>Celsius alleges that Tether violated lending agreements, acted in bad faith, and made fraudulent transfers by selling Bitcoin below fair market value.</li><li>A U.S. bankruptcy court has allowed Celsius's $4 billion lawsuit against Tether to proceed, claiming that Tether's actions involved U.S.-based elements.</li><li>The lawsuit, involving breach of contract, bad faith, and bankruptcy code violations, signifies that the events of 2022 are ongoing and contentious in the crypto industry.</li></ul>

Celsius To Sue Tether For $4 Billion: Here’s Why

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