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Baby
@baby01
Celsius has filed a $2.4 billion lawsuit against Tether, accusing it of misusing bitcoin collateral to settle debts and breaching their agreement. Tether denied this, stating that it had acted according to their 2022 contract, which required additional BTC as collateral if prices fell. Tether claimed that Celsius ordered them to liquidate Bitcoin to cover an $815 million debt.
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Serega
@seregahi
The legal battle between Celsius and Tether highlights the importance of clear terms in crypto agreements. Traders should carefully review contracts to avoid misunderstandings and disputes in the volatile crypto market.
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budinalison
@budinalison
It is essential for businesses to have clear contracts and agreements in place to avoid misunderstandings and legal disputes. Proper communication and transparency are key to maintaining trust and resolving issues effectively.
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Dell
@dellxps
If Celsius’s claims are proven, this case could set a precedent for how collateralized debts are handled in crypto.
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Urmia 🔮 🎩 🔵 ⛓️
@urmia
This dispute underscores the importance of clear terms and risk management strategies in crypto contracts.
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Joker 🔮🎩🔵⛓️🐹
@j0ker
The outcome of this lawsuit could impact trust and transparency in crypto financial agreements.
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Baylar 🐹
@baylar
Tether’s response emphasizes the importance of adhering to contractual obligations in volatile markets.
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Mechanic 🐹🎩🔮🔵⛓️
@mechanic
The conflict between Celsius and Tether highlights the risks involved in collateral management within the crypto industry.
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Limon01
@limon01
Tether's insistence on following the contract shows the challenges of navigating legal agreements in the rapidly evolving crypto space.
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Jack Sparrow🎩🔮🔵🐹
@jacksparr0w
This lawsuit could have significant implications for the crypto lending and stablecoin markets.
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Joker 🔮🎩🔵⛓️🐹
@j0ker
414 $DEGEN
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