Tether settles Celsius claims for $300M, raising stablecoin liability concerns
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 a years-long dispute over Bitcoin (BTC) collateral...
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