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Celsius Network Secures $299.5 Million Settlement From Tether, Amounting To Only 7% Of $4.3 Billion Claim

After nearly three years of litigation, Celsius Network (CEL) has secured a $299.5 million settlement from stablecoin issuer Tether (USDT), resolving a legal dispute over the early liquidation of ...
KSAT

Founder of crypto platform Celsius Network is sentenced to 12 years in prison

NEW YORK – The founder and former CEO of the cryptocurrency lending platform Celsius Network was sentenced Thursday to 12 years in prison after a prosecutor labeled him a predator who “preyed on hope” ...
Morningstar

Blockchain Recovery Investment Consortium (BRIC) Announces $299.5 Million Settlement with Tether in Celsius Network Bankruptcy

Following lawsuit filed in August 2024, joint venture between GXD Labs, an affiliate of Atlas Grove Partners, and VanEck, an asset manager with approximately $161.7B under management, finalizes ...
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CEL gains 3% as Celsius Network announces $220M third creditor payout

The bankrupt crypto lending firm Celsius has announced another round of creditor compensation in its ongoing restructuring plan. The company has announced that it will reimburse $220.6 million to ...
Business Wire

Blockchain Recovery Investment Consortium (BRIC) Announces $299.5 Million Settlement with Tether in Celsius Network Bankruptcy

NEW YORK & MIAMI--(BUSINESS WIRE)--Today, the Blockchain Recovery Investment Consortium (BRIC), a joint venture between GXD Labs and VanEck, announced that Tether has paid $299.5 million to the ...