Celsius and Tether Reach $299.5M Settlement
- Celsius and Tether’s settlement ends a high-stakes legal battle.
- Settlement amount is $299.5 million.
- Bitcoin liquidations were central to the dispute.
Celsius Network has secured a $299.5 million settlement from Tether, concluding a year-long legal battle over disputed Bitcoin liquidations, reported on October 20, 2025.
The settlement signifies a key resolution in Celsius’s bankruptcy case, potentially impacting creditor recoveries and setting a precedent in Bitcoin liquidation disputes.
Celsius Network has secured a $299.5 million settlement from Tether, closing a year-long legal battle. The dispute involved claims of improper Bitcoin liquidations and marked a significant resolution in Celsius’s 2022 bankruptcy proceedings.
Tether, led by CEO Paolo Ardoino, and Celsius Network were central to the conflict. Ardoino expressed satisfaction with resolving the proceeding. The Blockchain Recovery Investment Consortium managed the litigation on behalf of Celsius creditors. “We are pleased to have resolved Celsius’s adversary proceeding and related claims against Tether.” – Paolo Ardoino, CEO, Tether.
The settlement’s immediate impact on the market includes a resolution to a significant portion of Celsius’s financial disputes. This event is pivotal amid ongoing regulatory scrutiny in the cryptocurrency industry.
Financial implications involve Celsius receiving a smaller portion of the original claim compared to the $4.3 billion they sought. The resolution exemplifies necessary collaboration amidst complex legal cryptocurrency challenges.
The industry anticipates observing potential adjustments in stablecoin regulation following this resolution. Consensus within crypto communities reflects the importance of transparency and fair proceedings.
Historically, settlements like this offer limited creditor recovery, yet they underscore the need to secure creditor interests. Such outcomes potentially shape future cryptocurrency regulatory frameworks and market perceptions.
