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Galaxy Digital to Buy Self-Custody Platform from Bankrupt Celsius

Photo of 247patrick
By 247patrick Published
Galaxy Digital to Buy Self-Custody Platform from Bankrupt Celsius

© frender / iStock via Getty Images

  • Galaxy Digital, Mike Novogratz’s firm, has won the auction to buy some assets from bankrupt crypto lender Celsius Network.
  • GK8, a self-custody platform, will be acquired by the firm in the bankruptcy proceedings.
  • The value of the deal isn’t disclosed but it is reportedly lower than the $115M paid for it by Celsius.
  • Galaxy Digital has not responded/commented yet.

This article originally appeared on The Tokenist

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