CELSIUS SUES TETHER, SEEKING $3.5B OVER BITCOIN COLLATERAL SELL-OFF

Summary from the TLDR Crypto newsletter

Celsius has filed a lawsuit against Tether, seeking $3.5 billion in Bitcoin, damages, and legal fees, alleging that Tether improperly liquidated its BTC collateral during Celsius' bankruptcy without allowing it to provide additional collateral. Tether denies the allegations, calling the lawsuit baseless and asserting that Celsius requested the liquidation to close out its position.