Tether (USDT) Chief technology officer (CTO) Paolo Ardoino has responded to allegations that Tether received a loan from the bankrupt Celsius Network following auditor reports submitted to the court.
of investigators dealing with the Celsius Network bankruptcy case January 31st published on your report On page 183, the credit limit of Celsius’s loan to Tether double Although it is stated that the risk that Tether is exposed to, the total 2 billion dollars was declared over.
Tether CTO on top of that Paolo ArdoinoResponded to circulating allegations that the company borrowed money from Celsius. Ardoino’s social media in the statementstressing that these allegations are unfounded. Tether has never taken credit from Celsius expressed. Stating that this report does not reflect the truth, Ardoino said, Shoba Pillay‘of confused the prepositions in the report put forward and “either a typo or misqualification” as summarized.
researching the subject Financial Times correspondent Kadhim Shubber made statements in support of de Ardoino. Shubber made the following statements about the alleged misunderstanding:
The inspector’s report states that Celsius has “loaned” Tether, but I think the risk comes from Celsius giving collateral that exceeds the amount borrowed from Tether.
Celsius Network CEO Alex Mashinsky said in a statement in 2021 that Tether 1 billion USDT borrowed and in exchange for the cryptocurrencies that the company receives from its customers. Print USDT and debit it He made an accusation that he gave
Although the amount of debt mentioned at that time 1 billion dollars Although it was launched as a Much larger than $1 billion has been revealed. According to the details of the report Celsius from Tether USDT of 1.823 billion dollars borrowed and during this transaction collateral for $2,612 billion of assets under management showed as.
The documents and defenses presented by the parties continue to be investigated under the supervision of the court.