Celsius Wind-down Secures $300M From Tether, Say GXD Labs, VanEck

Celsius Wind-down Secures $300M From Tether, Say GXD Labs, VanEck

A consortium established by the companies announced the recovery of Celsius funds tied to claims against Tether.

BRIC Strikes $299.5 Million Settlement With Tether in Celsius Showdown

The Blockchain Recovery Investment Consortium (BRIC), a joint venture between GXD Labs and Vaneck, has reached a $299.5 million settlement with the largest stablecoin issuer by market cap, Tether, resolving litigation tied to the Celsius Network bankruptcy. The payment follows a lawsuit filed in August 2024 in the U.S. Bankruptcy Court for the Southern District... The post BRIC Strikes $299.5 Million Settlement With Tether in Celsius Showdown ap…

Tether to Pay $299.5 Million in Celsius Settlement: BRIC

BRIC, has announced a major settlement requiring Tether to pay $299.5 million to Celsius Network, a bankruptcy estate of the failed crypto platform.

Tether Settles Celsius Bankruptcy Dispute as Circle Faces Rate Pressure News ETHNews

Tether has officially settled all claims related to the Celsius bankruptcy case, resolving a long-running dispute between the stablecoin issuer and the collapsed crypto lender. Tether is pleased to have reached a settlement of all issues related to the Celsius bankruptcy. — Paolo Ardoino (@paoloardoino) October 14, 2025 The agreement closes one of the final legal challenges stemming from Celsius’s 2022 bankruptcy filing, which followed its liqu…

Tether settles Celsius claims for $300M, raising stablecoin liability concerns - WorldNL Magazine

Stablecoin issuer Tether has agreed to pay $299.5 million to the Celsius Network bankruptcy estate, resolving claims tied to the crypto lender’s 2022 collapse and potentially opening a new chapter in the debate over stablecoin liability.The Blockchain Recovery Investment Consortium (BRIC) — a joint venture between asset manager VanEck and GXD Labs, an affiliate of Atlas Grove Partners — announced the settlement on Tuesday. The recovery concludes…

Tether to Pay $299.5M in Celsius Bankruptcy Settlement

Settlement Ends Dispute Over Bitcoin Collateral Tether has agreed to pay $299.5 million to the bankruptcy estate of Celsius Network, resolving claims linked to the crypto lender’s 2022 collapse and ending one of the sector’s longest-running legal battles. The agreement was announced Tuesday by the Blockchain Recovery Investment Consortium (BRIC), a recovery venture formed by asset manager VanEck and GXD Labs, an affiliate of Atlas Grove Partners…