02.07.2025 10:02

A US federal judge has given Celsius Network the green light to proceed with its substantial $4 billion lawsuit against Tether. This significant legal victory allows Celsius to pursue its claims against Tether concerning alleged mismanagement during a massive Bitcoin liquidation.

The crux of Celsius's argument centers on Tether's purported actions during the liquidation process, which Celsius alleges severely damaged its financial health. This legal battle shines a harsh spotlight on counterparty risk within the cryptocurrency industry, raising serious concerns about the operational transparency and risk management of major players in the digital asset space.

This ruling carries substantial weight, as it could establish crucial precedents for future legal disputes involving digital asset custodians and stablecoin issuers. The outcome is being closely watched by market participants and investors alike, eager to see how the court will address these complex issues.

Furthermore, the judge's decision underscores the constantly evolving regulatory environment surrounding cryptocurrency transactions and the enforcement of contracts within the decentralized finance (DeFi) ecosystem. The case promises to be a landmark legal challenge, potentially shaping future practices and regulatory oversight in the cryptocurrency world. Its resolution could significantly impact how digital assets are handled and how contractual obligations are enforced within the burgeoning DeFi sector.