Celsius Cuts $4.3 Billion Claim With Tether In $299.5 Million Settlement

• Celsius settled with Tether for $299.5 million, closing a $4.3 billion dispute.
• The deal removes a major overhang and lets BRIC focus on distributions.
• Judge approvals and prior rulings set the path; creditors watch next steps.

Celsius secured a $299.5 million settlement from Tether, ending a $4.3 billion courtroom fight tied to the lender’s 2022 collapse. 

The agreement closes one of the estate’s largest contested claims and reduces uncertainty around remaining recoveries. For creditors, the outcome clarifies the pool of assets available for distribution and allows the estate’s managers to shift from litigation to execution.

The settlement was announced by the Blockchain Recovery Investment Consortium (BRIC), a venture formed by VanEck and GXD Labs to manage Celsius’s post-bankruptcy recovery. The deal closes a critical chapter in the estate’s efforts…

Read The Full Article Celsius Cuts $4.3 Billion Claim With Tether In $299.5 Million Settlement On Coin Edition.