Tether

Tether and Bitfinex Announce New General Counsel as Veteran Lawyer Retires

by

Tether, a prominent stablecoin issuer, and its sibling company, the cryptocurrency exchange Bitfinex, have announced a significant change in their legal department following the planned retirement of their long-serving top lawyer. An experienced in-house attorney from either Tether or Bitfinex, whose identity has not yet been disclosed, will step into the role of general counsel to manage legal affairs, marking a critical transition for the firms involved in the ever-evolving crypto market. The outgoing general counsel, who had been with the company for over a decade, played a pivotal role in navigating the complex legal … Read more

Tether Strikes Back, Labels Celsius’ Bitcoin Liquidation Lawsuit as “Baseless”

by

New York — In a recent legal battle shaking the foundations of the cryptocurrency market, Tether has vehemently dismissed allegations from Celsius regarding the liquidation of massive Bitcoin holdings. The lawsuit filed by Celsius claims that its financial stability was compromised due to the premature sale of Bitcoin by Tether under a credit agreement. Tether has responded, labeling the lawsuit as entirely groundless and asserting that its actions were justified under the terms of the agreement. According to legal documents made available this week, Celsius argues that Tether’s decision to liquidate its Bitcoin assets in … Read more

Tether Investor Takes Legal Action After Alleged Defamation by Prominent Media Outlet

by

MIAMI (AP) – A Tether shareholder has recently filed a lawsuit against the Wall Street Journal (WSJ), alleging defamation. The lawsuit accuses the renowned publication of publishing false and misleading information about Tether, a controversial cryptocurrency firm known for its stablecoin, which is widely used in the digital asset world. The shareholder, whose identity remains undisclosed, claims that the WSJ’s reporting caused significant harm to Tether’s reputation and resulted in financial losses for the shareholder. Tether has been involved in numerous controversies and legal issues in recent years, with critics expressing concerns over its lack … Read more