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Celsius vs Tether lawsuit moves ahead in US court over $4 billion Bitcoin sale

  • Celsius Network moves ahead with a lawsuit against Tether in the US court over a $4 billion Bitcoin liquidation.
  • Tether is accused of breaching contract terms by prematurely selling 39,500 BTC at $20,656 average price without a required notice period.
  • The court rejected Tether's jurisdictional challenge, allowing Celsius to pursue legal charges including breach of contract and fraudulent transfer.
  • The outcome of this case could have broader implications on stablecoin governance and regulatory oversight in the crypto industry.

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