Celsius Settles Bankruptcy Case with Tether for $299.5 Million

TLDR Celsius has reached a settlement with Tether for $299.5 million in its bankruptcy case. The settlement resolves a lawsuit where Celsius initially sought $3.5 billion in damages. Tether was accused of liquidating Bitcoin collateral prematurely during Celsius’s bankruptcy proceedings. The Blockchain Recovery Investment Consortium announced the resolution of the case on October 14. The [...]

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