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Celsius Wind-down Secures $300M From Tether in Recovery Effort

Celsius Wind-down Secures $300M From Tether in Recovery Effort

Author:

Global Cryptocurrency

Published:

2025-10-14 20:32:02

19

3

BTCCSquare news:

The collapse of crypto lender Celsius has yielded nearly $300 million in recovered funds, with Tether emerging as the primary contributor. The Blockchain Recovery Investment Consortium (BRIC), a joint venture between GXD Labs and asset management firm VanEck, disclosed the wind-down progress in a Tuesday statement.

Atlas Grove Partners' subsidiary GXD Labs partnered with VanEck to establish BRIC, signaling institutional involvement in crypto bankruptcy resolutions. The consortium's efforts highlight the growing infrastructure for distressed digital asset recovery.

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