Tether CTO denies borrowing from bankrupt lender Celsius

Quick Summary:

Celsius bankruptcy report by court-appointed examiner Shoba Pillay either has a typo or a "mis-characterization,” Tether CTO stated.

In 2020, Celsius secured a $10 million equity raise from Tether, with CEO Mashinsky highlighting an important endorsement by the firm.

In June 2022, Tether said it liquidated the $900 loan, which came about a month after Celsius halted withdrawals.

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Article Details

Author / Journalist: Cointelegraph By Helen Partz

Category: Crypto

Markets: United States

Topics: Celsius Stablecoin Cryptocurrencies Tether

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-02-01 @ 11:07:56 (1 months ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 391 words

Reading Time: 3 minutes read

Sentences: 11 lines

Sentence Length: 36 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 5044585

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Year Established: 2013

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #11

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