Legal dispute between Celsius and Tether over $3.5B in Bitcoin collateral

From Coin Telegraph
August 10, 2024 2:36:41 pm:

Tether receives $165 million in seized assets as collateral in an ongoing legal dispute. The assets include cash, bitcoin, and other cryptocurrencies. This move may be a way to protect Tether’s reserves amid regulatory scrutiny. Tether is a popular stablecoin that has faced questions about its backing.

Read more at Cointelegraph: Celsius sues Tether seeking $3.5B over Bitcoin collateral selloff