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CelsiusFactsNumbers @CelsiusFacts on x 4320 followers
Created: 2025-06-30 14:42:29 UTC
🔥🤑Tether Motion to Dismissed #CelsiusNetwork DENIED, Tether could have to giveaway 57k BTC! ($6B)
@Tether_to and @paoloardoino just took a big loss in the Celsius case. Tether will now likely try to look at settling at bankruptcy prices or look for a value below the contested XXXXXX BTC(6.1B)!
Will lawyers push for an in-kind recovery? This seems likely to me, as the difference in recovery could range from X% to +70% (depending if recoveries are capped at XXX% in X of the litigating entities). If all recoveries go to creditors, Ionic Digital shareholders could see another +100% recovery, potentially up to $6.1B!
But at the same time, lawyers could also agree to walk away at a lower price and not drag this out for something like $1B or similar. It will come down to the strength of each side's arguments!
@Excellion @CoinDesk @Cointelegraph @Bitcoin @VitalikButerin @saylor @SimonDixonTwitt @TheBlock__ @ForbesCrypto @DecryptMedia @BusinessInsider @crypto
More about the claims read it here:
Source:
(thx to @BTCDima )
XXXXXX engagements
Related Topics tetherto $6b bitcoin coins layer 1 coins bitcoin ecosystem coins pow $cel celsius coins lending borrowing