Tether pays $300M in settlement to Chapter 11 bankrupt firm
Yahoo Finance·2025-10-14 20:11
Tether, the crypto company behind the USDT stablecoin, has paid $299.5 million in a lawsuit settlement with the Celsius Network bankruptcy estate, the Blockchain Recovery Investment Consortium (BRIC) announced on Oct. 14. BRIC is a joint venture between GXD Labs and VanEck. Launched in 2017, Celsius was a crypto lending company headquartered in Hoboken, New Jersey. Users could deposit cryptocurrencies like Bitcoin and Ethereum to the platform to earn yields or take out loans by pledging their crypto assets ...