Galaxy Digital to Acquire Celsius’ GK8, With Founders Retained

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After much negotiation, Galaxy Digital and insolvent cryptocurrency lender Celsius have reached an agreement for Galaxy Digital to acquire GK8, a high-security custodian. The acquisition is contingent upon receiving necessary bankruptcy court approvals and satisfying other closing conditions. This is because the deal is being conducted in connection with the company’s Chapter 11 bankruptcy.  As a result of Terra’s collapse, Celsius sought bankruptcy protection in July (LUNA). Galaxy will add about 40 workers to its workforce as a result of the […]

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