Celsius Scores Court Win: Greenlit to Chase $4.3B from Tether in High-Stakes Crypto Clash

Bankrupt crypto lender Celsius just got the legal ammo it needs—and Tether's lawyers might want to buckle up.

A New York bankruptcy judge just handed Celsius the keys to a $4.3 billion lawsuit against the stablecoin giant, turning up the heat in one of crypto's messiest financial dramas.

The Battle Lines Are Drawn

This isn't just about recouping losses—it's a direct shot at the opaque reserves behind the world's most controversial stablecoin. Celsius claims Tether's operations siphoned value from creditors, while Tether's team insists they're playing by the rules (whatever those are in crypto's Wild West).

Why This Matters

With $4.3 billion on the line, this case could redefine how stablecoins interact with failing crypto firms—or become another footnote in the 'gamblers suing casinos' saga of decentralized finance.

One thing's certain: in an industry where 'risk management' often means praying for a bull market, this lawsuit is the regulatory reckoning nobody—least of all Tether—wanted but everyone saw coming.