News

According to ChainCatche, the Blockchain Recovery Investment Consortium (BRIC), jointly established by GXD Labs and VanEck, announced that after initiating legal proceedings in August 2024, BRIC has reached a settlement with Tether regarding the Celsius Network bankruptcy case. Tether has paid $299.5 million to the Celsius Network bankruptcy estate to resolve bankruptcy law and related claims brought against Tether in August 2024. The case involves collateral transfers and liquidations prior to Celsius's bankruptcy in July 2022. BRIC was appointed as the administrator for complex asset recovery and litigation in January 2024 and continues to manage Celsius's illiquid and litigation assets to advance the liquidation process.

Jinse Finance reported that on-chain analytics platform Lookonchain detected that after the recent sharp market decline, four major holders ("whales") withdrew and staked a total of 48 million FF tokens from major exchanges, with a total value of approximately $6.47 million. Specifically: Address 0xDda6 withdrew 15 million FF (about $2.3 million) from Bitget in the past 5 hours; Address 0x484F withdrew 15 million FF (about $1.84 million) from an exchange two days ago; Address 0xBbB9 withdrew 10 million FF (about $1.15 million) from an exchange two days ago; Address 0xf68C withdrew 8 million FF (about $1.18 million) from an exchange in the past 7 hours. All withdrawn tokens have been staked.