The case issues a mortgage settlement between Celsius and Tether that allowed Celsius to borrow stablecoins “to function sure vital features of its enterprise,” in line with the lawsuit. Within the submitting, Celsius alleges that when the market crashed in mid-2022, within the “ninety-day interval prior” to Celsius’ chapter submitting, Tether insulated itself from the upcoming chapter by making “preferential and fraudulent transfers” of bitcoin.
