Tether Settles Disputes in Celsius Bankruptcy Case
- Tether has settled all claims related to the Celsius bankruptcy case.
- The settlement resolves disputes over Tether’s role in liquidating Celsius loans during the lender’s 2022 collapse.
- Celsius, a crypto lending firm, filed for Chapter 11 bankruptcy protection in July 2022 amid a liquidity crisis.
- Tether had previously described the litigation as an unfounded attempt by Celsius to extract funds during its bankruptcy proceedings.
- This settlement marks the resolution of one of the remaining legal challenges from Celsius’s bankruptcy case.
Tether has resolved all legal claims with Celsius, settling disputes over loan liquidations that contributed to Celsius’s 2022 collapse. This agreement concludes one of the final legal issues stemming from Celsius’s bankruptcy proceedings.
Source (3.2)https://cryptobriefing.com/tether-resolves-celsius-bankruptcy-case/?rand=59535
