| Time | Details |
|---|---|
| 2024-08-10 14:01 |
Tether's USDt Overcollateralization Strategy
According to Paolo Ardoino, in 2022, Tether provided USDt to selected customers, including Celsius, under a simple arrangement where customers offer overcollateralization in Bitcoin. This means that customers must provide more Bitcoin than the USDt they receive. If the price of Bitcoin, which serves as the collateral, falls, it could impact the arrangement. (Source) |
| 2024-08-10 15:39 |
Tether Supports Community Against Celsius' Alleged Bad Faith Actions
According to @gaborgurbacs, Tether has expressed disappointment over what it describes as frivolous and meritless lawsuits initiated by Celsius and its advisors. These lawsuits are perceived as bad faith actions intended to generate litigation and management fees at the expense of creditors. Tether positions itself as supporting the community to protect against such alleged bad actors. (Source) |
| 2024-08-10 17:32 |
Tether Expected to Overcome Celsius Lawsuit
According to @Excellion, Paolo Ardoino and Tether are expected to successfully defend against a lawsuit filed by Celsius. The tweet suggests that the lawsuit is frivolous and criticizes Celsius for its past actions, including suing its own customers to recover funds after its collapse. (Source) |
| 2024-09-04 04:20 |
Potential Revival of Celsius and BlockFi
According to @GreeksLive, there is speculation about a possible revival or new iteration of Celsius and BlockFi, referred to as 'Celsius and BlockFi 2.0'. This suggests that there might be upcoming developments or rebranding efforts for these platforms, which could impact their market positions and investor interests. (Source) |