TETHER PAYS $300M IN SETTLEMENT TO CHAPTER 11 BANKRUPT FIRM
https://media.zenfs.com/en/thestreet_881/94f0abeffa7d95e2d424f9bc3c654919
✍️ Tether, the company behind the USDT stablecoin, has settled a lawsuit with the Celsius Network bankruptcy estate for $299.5 million.
👉 Tether has paid $299.5 million to settle a lawsuit with the Celsius Network bankruptcy estate 👉 Celsius had sued Tether for alleged misappropriation of assets, seeking $3.5 billion in BTC returns, damages, and legal fees 👉 The lawsuit claimed that Tether liquidated Celsius' Bitcoin collateral at a price that nearly covered the debt without giving Celsius the opportunity to provide additional collateral
-- #PaoloArdoino #DavidProman #CathieWood #Hoboken,NewJersey #technology
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