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Judge Clears Celsius Lawsuit Against Tether to Move Forward

  • Crypto lender Celsius accuses Tether of mishandling collateral during its 2022 collapse, leading to a controversial liquidation.
  • The core issue is a margin call in June 2022, where Tether sold BTC below market value to pay off Celsius's debt.
  • The judge allowed the lawsuit to proceed, citing enough alleged misconduct on U.S. soil.
  • Major charges upheld include breach of contract, fraudulent transfer, and preferential treatment in Celsius's bankruptcy.

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