Tether reaches settlement with Celsius bankruptcy consortium, paying nearly $300 million
Jinse Finance reported that the Blockchain Recovery Investment Consortium (BRIC) announced that Tether has paid $299.5 million to the Celsius Network bankruptcy consortium to resolve related litigation filed in August 2024. BRIC was jointly established by GXD Labs and VanEck and is responsible for managing Celsius's asset recovery and litigation affairs.
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