--
[Tether Pays $299.5 Million to Settle with Celsius Bankruptcy Consortium] BRIC (jointly established by GXD Labs and VanEck) announced that Tether has paid $299.5 million to the Celsius Network bankruptcy consortium to resolve bankruptcy-related claims filed in August 2024. The case involves the transfer and liquidation of collateral assets prior to Celsius' bankruptcy in July 2022. BRIC, appointed in January 2024 as the manager for complex asset recovery and litigation, continues to oversee Celsius' illiquid assets and related litigation assets to advance the liquidation process.