Galaxy Digital Gets Celsius Assets at 60% Discount After Crypto Lender’s Bankruptcy
<a href="https://www.bloomberg.com/quote/GLXY:CN">Galaxy Digital</a> is paying $44.1 million to buy <a href="https://www.bloomberg.com/quote/1727003D:LN">Celsius Network</a>’s GK8 business — more than 60% lower than what the bankrupt crypto lender paid to acquire the self-custody platform just last year.
Celsius Network Finds Some Respite After Galaxy Digital Acquires GK8
In a relief to Celsius creditors, New York-based crypto investment firm Galaxy Digital made a successful bid to acquire GK8 from the bankrupt crypto lender. This includes all assets, liabilities, and contracts of GK8, a self-custody that helps both traditional and crypto-native clients manage their digital assets.
Mike Novogratz’s Galaxy Digital Will Acquire Celsius Owned Custody Platform GK8
Galaxy Digital has won the auction for GK8 – a crypto custody platform to be sold as part of bankruptcy proceedings for the insolvent crypto lender Celsius.
Galaxy Digital Wins Bid for GK8 in Celsius Bankruptcy Asset Auction
<a href="https://www.newswire.ca/news-releases/galaxy-to-acquire-leading-custody-platform-gk8-887819028.html">Galaxy Digital</a> announced it had successfully acquired self-custody platform GK8 for an undisclosed sum.
Galaxy Digital’s Mike Novogratz Says SBF Was Delusional in NYT Interview
Mike Novogratz believes Sam Bankman-Fried sounded delusional in his latest interview with the New York Times. He added that Sam was ‘spewing more lies’ and probably did not act alone.
Galaxy Digital: Has No Exposure to Genesis Lending, Gemini’s Earn Program
Galaxy Digital Holdings Ltd., the crypto financial services firm founded by billionaire Michael Novogratz, has no exposure to Genesis’s lending business and Gemini Trust Co.’s Earn program, it said in a statement.
Galaxy Digital Reveals $76.8M FTX Exposure after Reporting Q3 Loss
Crypto financial services firm Galaxy Digital (GLXY.TO) said it has a $76.8 million exposure to troubled FTX when it reported its $68.1 million third-quarter loss on Wednesday.
Galaxy Digital Q3 Earnings Reveal FTX Exposure Worth $76.8 Million
Contagion from FTX insolvency and FTT price crash spread to financial services giant Galaxy Digital. The company’s Q3 2022 earnings report showed exposure to the troubled crypto exchange launched by Alameda founder Sam Bankman-Fried.
