Bullish
Celsius Wind-down Secures $300M From Tether - GXD Labs & VanEck Report
14.10.2025 22:18
The wind-down process of bankrupt cryptocurrency lender Celsius Network has successfully secured nearly $300 million from stablecoin issuer Tether, according to an official Tuesday announcement from the Blockchain Recovery Investment Consortium (BRIC). This entity was specifically established by GXD Labs, a subsidiary of Atlas Grove Partners, and global asset management firm VanEck to manage the recovery proceedings.
Keywords: Celsius, CEL, Tether, USDT, VanEck, GXD Labs, cryptocurrency, bankruptcy, wind-down, investment, recovery, BRIC, stablecoin