On Oct. 14, the Blockchain Recovery Investment Consortium (BRIC), a joint venture between GXD Labs and VanEck, announced a $299.5 million settlement with Tether in connection with the Celsius Network bankruptcy case. The lawsuit, filed in the US Bankruptcy Court for the Southern District of New York, stemmed from collateral transfers and liquidations made before Celsius’s July 2022 collapse. Following months of litigation, GXD Labs, an affiliate of Atlas Grove Partners, and VanEck, which manages approxima ...