Celsius Network’s Bankruptcy Battle Takes A New Turn With $25M GK8 Sale

Bankrupt crypto lender Celsius (CRYPTO: CEL) sought approval regarding the distribution of funds from its sale of the self-custody platform GK8 . On July 17, the debtors of the Celsius Network filed a document stating that its Series B holders have reached a consensus to distribute $25 million from the proceeds of GK8’s sale.