Tether has paid $299.5 million to the Celsius Network bankruptcy estate, settling claims related to bankruptcy law and collateral transfers. The settlement resolves issues stemming from actions taken before Celsius's bankruptcy filing in July 2022. BRIC, co-founded by GXD Labs and VanEck, announced the settlement and continues to oversee the management of Celsius's illiquid and litigation assets as part of the liquidation process.
Tether Settles $299.5 Million with Celsius Bankruptcy Estate
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