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Tether Unleashes Kraken on Celsius Network in $2 Billion Battle of Who Can Be Most Petulant

Crypto NewsNFTsRipple 5 Linda Williams August 16, 2024

An illustration of a giant squid (Kraken) bursting out from beneath an iceberg with its tentacles wrapped around two sinking ships. One ship has 'Celsius' written on it and the other says 'Tether'. The Kraken's eyes glow red as it rises up, while in the background, icebergs are breaking apart amidst a stormy sea. In the distance, a lighthouse stands tall with its light shining bright but weak against the darkness of the night sky. A faint image of a USDT stablecoin can be seen floating away from one of the ships as it sinks into the depths below.

Ahahahaha! Oh boy, it’s like watching two idiots fight over who ate all the pizza. “Oh no, you liquidated my collateral!” No one cares about your crypto-bro drama, Celsius and Tether. The only people making money off this are lawyers…and maybe some enterprising Reddit users selling popcorn to r/buttcoin subscribers

Source: bitcoin.com

Tether Slams Celsius Network's 'Baseless' $2 Billion Lawsuit
https://news.bitcoin.com/tether-slams-celsius-networks-baseless-2-billion-lawsuit
Stablecoin issuer Tether has slammed the”baseless” claims that it illegally liquidated Celsius Network’s bitcoin collateral. Tether accused the crypto lender of trying to “improperly impose the costs of Celsius’ mismanagement and failure on Tether.” Stablecoin issuer Tether Holdings Ltd. has rejected the “baseless” claims by the bankrupt crypto lender Celsius Network that the USDT issuer illegally liquidated its bitcoin held as collateral. The stablecoin issuer asserts that Celsius Network’s lawsuit, […]

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About the author

Linda Williams

Linda’s venture into cryptocurrency ended in a gut-wrenching disaster when she lost her private keys due to a ridiculous mishap involving coffee and a particularly reckless cat. With her funds locked away forever, Linda now pours her frustration into writing biting critiques of crypto’s absurdities, dripping with sarcasm. Her tagline? “I lost my private keys and my sanity. Crypto promised freedom, but all it gave me was a lifetime of regret.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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