digital asset management company Galaxy Digital, declared bankruptcy Celsiusreached an agreement to buy the assets of .
In the crypto industry, bankruptcies have become very frequent. These bankruptcies are also behind the general bearish movements of the cryptocurrency market. It was prominent that Terra had a major collapse and dragged the Bitcoin side into a long-term bear market. In the next processes 3ACand Celsius also went bankrupt. As we approach the end of the year, FTX and BlockFi The bankruptcy of companies also marked the agenda. All these bankruptcies in the crypto industry also brought new investment opportunities. After long litigation Celsius, Galaxy Digitalto be purchased by
Galaxy Digital Puts Celsius on Its Radar
digital asset management company Galaxy Digitalcontinues to invest in order to benefit from this decline of the crypto industry.
CEO of the company Mike Novogratz, which has been on the agenda for a long time Celsiusstepped in. Novogratz, Celsiusagreed to buy the assets of
Although the terms of the agreement were not disclosed, a statement came from the co-chairman of the company. Co-chairman Chris Ferraro said they bought the assets of the bankrupt company for well below the $115 million paid last year.
