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Celsius Wind-down Secures $300M From Tether, Say GXD Labs, VanEck

A consortium established by the companies announced the recovery of Celsius funds tied to claims against Tether.

💡 DMK Insight

The recovery of Celsius funds linked to claims against Tether signals a shift in the ongoing battle for liquidity in the crypto space. This development not only underscores the importance of robust legal frameworks in digital asset management but also highlights the potential for recovery in a sector often marred by uncertainty. Investors may note that such recoveries can bolster confidence in the stability of crypto assets, suggesting a gradual normalization as the market navigates its challenges.