La nuova società Celsius 2.0 sarà guidata dall’ex CEO di Algorand

Secondo i documenti depositati in tribunale, Celsius, il finanziatore di criptovalute in bancarotta, ha proposto la nomina dell'ex amministratore delegato blockchain di Algorand, Steven Kokinos, come amministratore delegato della nuova società che ne subentrerà le operazioni. Kokinos, che ha lasciato Algorand nel 2022, è comproprietario di Fahrenheit Holdings e Arrington Capital.

Timeline of Algorand, Celsius

EquitiesFirst is a private lending platform that owed Celsius approximately $439 million in cash and bitcoin as of July 2022. Celsius had initially obtained collateralized loans from EquitiesFirst in 2019 but was unable to return the collateral in 2021.

In a recent development surrounding the Celsius Network bankruptcy case, Judge Martin Glenn has made a pivotal decision that could shape the future of crypto stakeholders and the broader digital currency landscape.

Judge Martin Glenn has denied the request for establishing a separate class of stakeholders in the Celsius Network bankruptcy saga. This decision, revealed in a document filed on August 25, also sidestepped the crucial question of whether the CEL token qualifies as a security.

ALGO traders may need to stay vigilant in the market considering Algorand's latest collaboration. Although, as of 24 August ALGO traders seemed on the fence about their investments.

Alexander Mashinsky – the founder of bankrupt crypto lending platform Celsius – has been arrested and indicted on federal charges. Former Celsius Head Taken into Custody Celsius was founded in 2018.

Algorand native token, ALGO, has experienced a dramatic plunge in the wake of the recent crash in the cryptocurrency market. On August 19, the token's value plummeted by a staggering 18%, hitting a low of $0.082.

The Official Committee of Celsius Unsecured Creditors has announced an upcoming staff meeting slated for August 25th at X Spaces. The primary agenda will revolve around discussions regarding the proposed restructuring plan and disclosure statement.

Algorand's ALGO token price has plunged to new lows following the crypto market's epic crash on Aug. 17. According to CryptoSlate's data, the digital asset fell to an all-time low of $0.08846 last Thursday.

Algorand's (ALGO) performance on the charts has been nothing short of a rollercoaster. According to data from CoinGecko, yesterday, the asset's value plummeted to a historical bottom, and it's currently down by nearly 10% in the past 24 hours.

The troubled crypto lender, Celsius Network, has received judicial approval to seek creditor endorsement for its bankruptcy escape plan. Under this plan, a consortium going by the name of Fahrenheit is poised to acquire Celsius' assets, forming a fresh corporate entity.