Tether Deposits of $1B With UK Financial Firm Are at Center of High Court Battle: FT

Arbitral says it is entitled to extra money from assets generated by the business in the year following the sale, according to an agreement between the two firms. According to the report, Britannia claims that Tether deposited the funds with its subsidiary, Britannia Global Markets, and the transaction is therefore unrelated to the brokerage it bought from Arbitral.

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