Tether CTO: Tether Never Borrowed From Celsius

Tether CTO Paolo Ardoino tweeted that Tether never borrowed money from Celsius.

The tweet was reportedly in response to the Celsius bankruptcy examiner's report. The report incorrectly implied that Tether was one of Celsius's borrowers. He said that examiner Shoba Pillay confused the preposition in the examiner's report, which actually referred to "Celsius loans from Tether" rather than "Celsius loans to Tether".

Previously, the Celsius Examiner's Report stated on page 183 that "Celsius loans to Tether were twice its credit limit."

Source

Tether

Event

Lending

In This Article

Related News
Cathie Wood's Ark Invest Sold Coinbase and GBTC Shares Cathie Wood's Ark Invest Sold Coinbase and GBTC Shares
Hamas and Other Militant Groups Received Over $130M in Crypto Assets Hamas and Other Militant Groups Received Over $130M in Crypto Assets
Liquidator Tracked Zhu Su's Whereabouts and Reported to the Police, Leading to His Arrest at the Airport Liquidator Tracked Zhu Su's Whereabouts and Reported to the Police, Leading to His Arrest at the Airport
RWA Lending Protocol Goldfinch Faces $7M Bad Loan RWA Lending Protocol Goldfinch Faces $7M Bad Loan
$LQTY Price Breaks $0.50, Up 27.60% Over the Last 24 Hours $LQTY Price Breaks $0.50, Up 27.60% Over the Last 24 Hours
Latest News More More
Bitget Wallet Announced TON Mainnet Integration
Wormhole Secures $225 Million Funding at $2.5 Billion Valuation
2 Hours Ago U.S. Treasury Official Warns Against Non-U.S. Stablecoin Issuers
4 Hours Ago U.S. Judge: FTX Debtors Can Start Selling Trsut Assets
19 Hours Ago Security Audits are "Not Enough" as Crypto Hacks Losses Topped $1.5B in 2023
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open