Tether Closes Deals With Celsius, Bringing Clarity to its Bankruptcy Case

Tether has reached a settlement with Celsius Network, resolving the company’s involvement in the ongoing bankruptcy proceedings. CEO Paolo Ardoino confirmed the agreement, offering a clearer picture of Tether’s exposure and role within the complex legal proceedings surrounding the collapsed crypto lending platform. This settlement marks a significant step towards closing this chapter in a case that has significantly impacted the cryptocurrency industry.