Get the latest Celsius updates on bankruptcy proceedings, creditor repayments, legal developments, restructuring efforts, and market impact.
Celsius argues Tether's liquidation of 57,000 BTC breached contract terms, potentially impacting $4 billion in assets.
The significant withdrawals had little impact on Ethereum's price which rose by around 12% during the period.
Crypto community members suggest that the move could negatively impact Ether's price.
Celsius Network is a bankrupt cryptocurrency lending company that was founded in 2017 and is headquartered in Hoboken, New Jersey.
