BRIC Settles $299.5M with Tether to Repay Celsius Estate

BRIC has agreed to pay $299.5 million to Tether in a settlement meant to help repay the Celsius bankruptcy estate, marking a significant step toward resolving one of crypto’s lingering financial disputes. The deal comes after months of negotiations and aims to return funds owed to Celsius creditors following the platform’s 2022 collapse. Tether’s role in the case traces back to earlier financial dealings with Celsius before the firm went under. The settlement highlights the ongoing effort within the crypto industry to clean up after the market turmoil of recent years, restore trust, and bring clarity to investors still waiting for compensation. It’s a small but meaningful move toward accountability in the post-bankruptcy crypto landscape.