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Celsius network was approved by the US bankruptcy court Continue your legal case against TetherUSDT
USDT
0,9983 USD
Stablecoin publisher.
The company stated that the connection was Sold more than 39,500 bitcoin
Btc
108.981,39 USD
in June 2022, according to Court reports Made in New York on June 30th. Claimed to be a sale happened before the 10-hour waiting period they agreedAnd at a price lower than what the market at the time offered.
Celsius noted that this caused them to lose their access to Bitcoin, at the time of writing in the amount of more than $ 4 billion.
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The funds from that sale were allegedly used to cover Celsius’s debt in the amount of $ 812 million. After sale, the assets were allegedly transferred to accounts controlled by Bitfinex
$ 75.91 million
Platform associated with embroidery.
Celzius claimed that These actions have terminated the terms of their loan contract. He also said that Tether had acted unjustly and in bad faith, which could be a legal question under the Law on the British Virgin Islands, where both companies were founded.
In addition, Celsius claimed that The transfer of funds was inappropriate under the US bankruptcy lawwhich allows certain transactions to be reversed if they favored one creditor over another.
Tether tried to throw out the case, saying that an agreement had happened outside the USA, he should not fall under the US law. However, the judge said Celsius gave enough reason to believe that the key parts of the agreement, including communications, staff and money transfers, included the US.
Meanwhile, June 13, the Gemini Crypto Exchange sent a letter to Christopher Skinner, General Inspector of Commission for Trafficking in Commercial Future (CFTC). What did the letter say? Read the whole story.
After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
Considering the decade of experience in Fintech industry, Aaron understands all the biggest questions and struggles that cryptocurrency lovers face. He is an avid analyst who deals with the content based on data and facts, as well as the one who speaks to the web3 natives and the newcomer in the industry.
Aaron is a person for everyone and for all related to digital currencies. With a huge passion for Blockchain & Web3 education, Aaron tries to transform the space the way we know it and make it more affordable to complete beginners.
Aaron quoted more established outlets and was the author himself. Even during her free time, she enjoys exploring market trends and looking for the next Supernova.
