GXD Labs and EquitiesFirst reach settlement on Celsius claim

GXD Labs announced a settlement with EquitiesFirst regarding claims related to the Celsius Network loan, involving a compensation amount of $500 million and the withdrawal of related litigation and arbitration proceedings. It is reported that GXD Labs established the Blockchain Asset Recovery Investment Alliance (BRIC) in 2023 and was appointed as the Complex Asset Recovery Manager and Litigation Manager in the Celsius bankruptcy case.