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Judge Dismisses Tether’s Dismissal Bid In $4B Bitcoin Lawsuit With Celsius

  • A US bankruptcy judge ruled that Tether's lawsuit with Celsius can proceed, denying Tether's dismissal bid.
  • Celsius claims Tether improperly liquidated its Bitcoin collateral, resulting in over $4 billion in losses at current prices.
  • Tether's actions are alleged to have breached the lending agreement and violated laws related to good faith and fair dealing.
  • Tether's CEO refuted rumors of a potential IPO, stating that the company has no plans to go public.

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