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.

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…

Stablecoin Giant Tether Pays $300 Million to Resolve Celsius Dispute

The settlement, announced by the Blockchain Recovery Investment Consortium (BRIC) – a partnership between VanEck and GXD Labs – marks a major step in one of crypto’s most closely watched bankruptcy disputes. Formed in early 2023, BRIC was tasked with recovering assets for Celsius creditors following the platform’s bankruptcy. Celsius had accused Tether of improperly liquidating Bitcoin collateral that secured USDt-denominated loans, arguing that…

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

The wind-down of defunct crypto lender Celsius coughed up almost $300 million from Tether , according to a Tuesday statement from an entity set up by GXD Labs and VanEck, the Blockchain Recovery Investment Consortium. GXD Labs , a subsidiary of Atlas Grove Partners, and asset manager VanEck established BRIC … Source link