Fahrenheit Consortium Wins Bid to Acquire Celsius Network

The deal is yet to be finalized as an initial deposit is expected within the next ten days. It is a good day for the embattled crypto lender Celsius Network as crypto consortium Fahrenheit LLC has won the bid to acquire the insolvent firm whose assets were previously valued at $2 billion. According to a … Read more

Private Equity Giant Apollo Global Shows Interest in Acquiring Bankrupt Crypto Firm Celsius

Apollo Global, with $500 billion in assets under management, is looking to revamp the bankrupt Celsius Network in partnership with Provenance Blockchain. It’s nearly a year since crypto lender Celsius Network filed for bankruptcy after slipping into a liquidity crisis following the fall of the Terra ecosystem. In the latest development, private-equity giant Apollo Global … Read more

Galaxy Digital Completes $44M Acquisition of Celsius Self-Custody Asset GK8

Following the GK8 acquisition, Galaxy Digital plans to integrate the service with its GalaxyOne prime brokerage platform.  According to reports, Galaxy Digital has completed the $44 million acquisition of GK8, an institutional self-custody platform. The GK8 acquisition comes more than two months after Galaxy Digital secured the rights to buy the then-Celsius asset. Following the acquisition, GK8 … Read more

Celsius Reaches Acquisition Agreement with Digital Management Agency to Exit Bankruptcy

Insolvent crypto lender Celsius entered an acquisition agreement with NovaWulf that sees the creation of a new company.  Celsius Network LLC has established an acquisition agreement with NovaWulf Digital Management to exit bankruptcy. Yesterday, Celsius announced it selected the digital asset firm as the sponsor for its proposed Chapter 11 restructuring scheme. Furthermore, the bankrupt … Read more

Celsius to Recover ‘Fraudulently Transferred’ Funds from Former CEO, Other Senior Execs

Insolvent crypto lender Celsius has filed a motion to recover the ‘millions’ of funds from companies affiliated with ex-CEO Alex Mashinsky. Bankrupt crypto lending platform Celsius Network LLC currently seeks to recover funds from founder and former CEO Alex Mashinsky and his associates. Reports state the embattled company and its creditors want Mashinsky, his wife, and other … Read more