Celsius wind-down
Celsius’s wind-down process has secured $300 million in funding from Tether, as reported by GXD Labs and VanEck. This funding is expected to aid in the management of Celsius’s assets. The involvement of Tether signals a significant financial backing for the company during its restructuring phase. GXD Labs and VanEck, both known entities in the financial sector, are contributing to this effort. The partnership is aimed at ensuring a smooth transition as Celsius navigates its current challenges.
