Blockchain Recovery Investment Consortium (BRIC) Appointed Complex Asset Recovery Manager and Litigation Administrator in Celsius Network Bankruptcy
GXD Labs and VanEck today announced that the companies have been appointed Complex Asset Recovery Manager and Litigation Administrator by the Debtors and Unsecured Creditors’ Committee in the Celsius Networks LLC bankruptcy.
- GXD Labs and VanEck today announced that the companies have been appointed Complex Asset Recovery Manager and Litigation Administrator by the Debtors and Unsecured Creditors’ Committee in the Celsius Networks LLC bankruptcy.
- The appointment comes as Celsius exits bankruptcy protection, for which it filed in July 2022.
- The companies will manage illiquid assets for the Celsius bankruptcy estate, working through the estate’s wind-down for the next three-plus years.
- The companies are managing the assets through a joint venture, the Blockchain Recovery Investment Consortium (BRIC), which was created in early 2023 to maximize recoveries in complex digital asset bankruptcies like Celsius.