Дефи Невс- The details of the arrangement, however, were kept under wraps.
- The business acquired the assets for far less than the $115 million Celsius paid in 2021.
This past Friday, insolvent cryptocurrency lender Целзијусова мрежа пријавио да Галаки Дигитал (GLXY), founded by Мике Новогратз, had won an auction to buy the GK8 self-custody platform. The details of the arrangement, however, were kept under wraps.
Galaxy’s co-president, Chris Ferraro, reportedly said that the business acquired the assets for far less than the $115 million Celsius paid for them in 2021.
CEO and founder of Galaxy Mike Novogratz stated:
“The acquisition of GK8 is a crucial cornerstone in our effort to create a truly full-service financial platform for digital assets, ensuring our clients will have the option to store their digital assets at or separate from Galaxy without compromising versatility and functionality.”
This sale will be finalized in line with the Chapter 11 bankruptcy process for Celsius Network LLC. And is subject to customary closing conditions. Since acquiring this company, Galaxy will be able to provide a wider variety of prime brokerage services.
Furthermore, a new office for Galaxy will be established in Tel Aviv as a consequence of the deal. Increasing the company’s global footprint. About forty experts, including cryptographers and blockchain developers, will be joining Galaxy.
Galaxy has hired GK8’s former chief executive officer Lior Lamesh and chief technology officer Shahar Shamai to head up its new custodial technologies division.
Former GK8 CEO stated:
„Узбуђени смо због могућности да се придружимо једном од водећих провајдера услуга финансијских и дигиталних средстава институцијама које заиста разумеју утицај технологије старатељства ГК8 на будућност блокчејна.“
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Source: https://thenewscrypto.com/galaxy-digital-wins-bid-to-acquire-bankrupt-celsius-gk8-platform/