Celsius received 300 million dollars from Tether.

Tether has agreed to pay $300 million to settle a bankruptcy dispute with the failed crypto lending institution Celsius.

The demand for this money comes from a group called the Blockchain Recovery Investment Consortium, managed by GXD Labs and VanEck. In 2022, Celsius, one of the notorious examples in the crypto sector, managed to emerge from bankruptcy last year.

As a result of the proceedings to shut down the defunct crypto lending institution Celsius, nearly $300 million has been received from Tether, as stated in a statement made through the Blockchain Recovery Investment Consortium established by GXD Labs and VanEck.

GXD Labs is a subsidiary of Atlas Grove Partners, and VanEck is a major player in the asset management field.