[GXD Labs and EquitiesFirst Reach Settlement Over Celsius Claims, Involving $500 Million Payment] Golden Finance reports that digital asset investment and advisory firm GXD Labs has announced a settlement with global equity financing company EquitiesFirst regarding claims arising from loans provided to the now-bankrupt crypto lending platform Celsius Network. The settlement agreement includes $500 million in compensation and the withdrawal of counterclaims and related arbitration proceedings initiated in September 2023. It is reported that GXD Labs established the Blockchain Recovery Investment Consortium (BRIC) in 2023. Subsequently, the organization was appointed by the debtors and the Unsecured Creditors Committee in the Celsius bankruptcy case as the manager for complex asset recovery and litigation.