Celsius Lawsuit Against Tether Moves Forward After Judge’s Ruling

The $4.3B Dispute

Celsius claims Tether liquidated its bitcoin collateral—worth $4.3B—before the agreed 10-hour waiting period expired.

Judge Sides with Celsius (Mostly)

Judge Glenn ruled that an alleged verbal OK from Celsius’ ex-CEO wasn’t enough to bypass the contract’s terms.

One Claim Dismissed—for Now

The judge dismissed one count under BVI law, but Celsius can refile if it presents more evidence.

Tether Responds

Tether denies wrongdoing, saying the suit tries to “impose Celsius' mismanagement” on the stablecoin firm.

Celsius Rises Post-Bankruptcy

After a $1.2B hole in 2022, Celsius exited bankruptcy in late 2023—and now targets legal redemption against Tether.