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GXD Labs and EquitiesFirst Settle Celsius Loan Claims with $500M Compensation

GateNews

Partnerships & Ecosystem

2026-05-26 14:23:12

CEL2.48%

According to Foresight News, digital asset investment and advisory firm GXD Labs announced it has settled claims with global equity financing company EquitiesFirst regarding loans provided to bankrupt crypto lending platform Celsius Network. The settlement agreement includes $500 million in compensation and withdrawal of litigation and arbitration proceedings initiated in September 2023. GXD Labs, which established the Blockchain Recovery Investment Coalition (BRIC) in 2023, was appointed as the complex asset recovery and litigation manager in the Celsius bankruptcy case.

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