Tether sued for $3.5 billion for liquidating Celsius loan collateral
The administrators of the bankrupt Celsius Network have sued to recover billions of dollars worth of “preferential and fraudulent transfers” of customer assets to Tether before Celsius’s lights went dark. On August 9, the Celsius Debtors filed a civil suit in the U.S. Bankruptcy Court in the Southern District of New York, seeking to reclaim…