Celsius Secures $299 Million Settlement with Tether in Bankruptcy Case

Celsius Network has reached a significant settlement of $299.5 million with Tether, marking the end of its nearly three-year long legal battle stemming from its bankruptcy in 2022. This agreement, overseen by BRIC (Blockchain Recovery Investment Consortium), brings closure to one part of the complex proceedings, though it might significantly impact market stability for USDT and Celsius’s asset recovery process.