BRIC Reaches $299.5M Settlement With Tether in Celsius Dispute
In a high-stakes legal battle, BRIC (BlockFi Recovery Investment Company) has agreed to a $299.5 million settlement with Tether concerning claims tied to the collapse of Celsius.
The deal resolves part of the dispute over alleged mismanagement and financial exposure arising from Celsius’ shutdown. Under terms of the settlement, Tether will make payments to BRIC, which held assets formerly linked to Celsius obligations. The accord helps both sides avoid protracted litigation, freeing them to focus on recovering value for affected parties without additional legal uncertainty.
Clever Robot News Desk 15th October 2025
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