According to Odaily Planet Daily, the Blockchain Recovery Investment Coalition (BRIC), co-founded by GXD Labs and VanEck, announced that BRIC has reached a settlement with Tether regarding the Celsius Network bankruptcy case following litigation proceedings filed in August 2024. Tether has paid $299.5 million to the Celsius Network bankruptcy estate to settle bankruptcy law and related claims filed against Tether in August 2024. The case involved the transfer of collateral and liquidation of Celsius prior to its bankruptcy in July 2022. BRIC was appointed as the complex asset recovery and litigation administrator in January 2024 and currently continues to manage Celsius's non-current assets and litigation assets to facilitate the liquidation. (BusinessWire)