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Bitcoin News | 3 months ago (raw) | export | reply | flag 
 Celsius sues Tether seeking $3.5B over Bitcoin collateral selloff. The assets in question were evidently given to Tether as collateral.
 https://yakihonne.s3.ap-east-1.amazonaws.com/6789a15735d4ac7cb13396ac59a0bdc813680111b9df4a7ff2497a364c869fb9/files/1718136856634-YAKIHONNES3.webp
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sella maurtan | 3 months ago (raw) | root | parent | reply | flag 
 The lawsuit revolves around a loan agreement between Celsius and Tether, where Celsius borrowed USDT from Tether using Bitcoin as collateral. As the price of Bitcoin dropped, Celsius was required to provide further collateral to avoid liquidation. However, Celsius claims that Tether improperly liquidated the Bitcoin collateral