Celsius Estate Settles With Series B Holders Over Proceeds of GK8 Sale



Bankrupt crypto firm Celsius has reached an agreement with creditors and Series B investors for a $25 million settlement to be drawn from the sale of self-custody platform GK8 to Galaxy Digital. The deal may not cover all legal expenses and unfairly provides an advantage to a specific group. Celsius filed for bankruptcy after troubles following its Series B, which was led by growth equity firm Westcap and a Quebec pension fund. Former CEO, Alex Mashinsky, was recently arrested as part of an investigation into the company's collapse.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)