Celsius & Tether Settle for $299.5 Million: BRIC Facilitates Deal

Celsius Network has settled a long-standing lawsuit against Tether for $299.5 million, ending legal disputes over Tether’s early Bitcoin (BTC) sales that resulted in financial losses for Celsius. The settlement was brokered by the Blockchain Recovery Investment Consortium (BRIC), a joint venture between VanEck and GXD Labs. This significant milestone marks a major victory for both companies involved.