According to its chief technology officer, the company behind Tether (USDT), the world's largest stable company by market capitalization, has never received everything from Celsius, a bankrupt digital money lender.

On Jan. 31, Wade Adorno, chief technology officer of Tether and Bitfinex password swapping, tweeted that Tether "never borrowed money from the Celsius system software."

This article is supposed to be a response to the Celsius bankruptcy auditor's report, which is reported to improperly imply that Tether, along with companies such as Three Arrow Capital, is a lender to Celsius, and Three Arrow Capital borrowed $75 million from the company.

The auditor's report, published on January 31st, mentioned on page 183, "the loan of Celsius to Tether is twice the credit line."

The report stressed that Tether's leverage ratio eventually rose to more than $2 billion, which became a problem in mid-late September 2021, when they were described by the risk Federation as a "life-and-death risk" for degrees Celsius.

Ardoino denies any openness to the difficult degrees Celsius, suggesting that interviewer Shaoba Pillay confuses pronouns in the interviewer's report, in fact referring to "Celsius loan derived from rope binding" rather than "degree Celsius loan".

"either the computer typing is incorrect or the narrative is incorrect," Tether's chief technology officer wrote in a tweet by Financial Times journalist Kadim Schuber. "

Schuber also mentioned that the interviewer's report was related to a certain degree of misunderstanding, he said:

The auditor's report above states that Celsius has a 'loan' to be cut off, but I think the leverage ratio comes from the fact that the collateral announced by Celsius exceeds the amount borrowed from Tether.

As reported, Celsius allegedly borrowed $1 billion from Tether of BTC (BTC) in 2021. Alex Masin Leoni, founder of Celsius, says the company pays between 5 and 6 per cent. In June 2022, Tether said it had settled the $900m loan, about a month after the withdrawal was terminated at degrees Celsius.

According to the latest verification report, the loan line is well over $1 billion. Shubber, an inspector, wrote that Celsius raised $1.823 billion from Tether on USDT's stable property and used the $2.612 billion it managed as collateral. Collateral accounts for 17 per cent of all assets at degrees Celsius, he added.

In addition to giving large loans to Celsius, Tether is also known as the early investor of the bankrupt company. In 2020, Celsius won $10 million in equity pledge financing from Tether, which Masinleoni noted was the company's main approval.