Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Ben Weiss

Celsius turns to Fahrenheit to oversee bankruptcy exit

Alex Mashinksy, founder and former CEO of Celsius, speaks at the Blockchain Week Summit in Paris in 2022. (Credit: Benjamin Girette—Bloomberg/Getty Images)

Celsius named Fahrenheit, an association of various crypto companies and investors, the successful bidder in the auction for the bankrupt crypto lender’s assets on Wednesday, according to a court filing.

Fahrenheit is composed of venture capital firms Arrington Capital and Proof Group, mining group U.S. Bitcoin, as well as investors Steven Kokinos and Ravi Kaza. Kokinos was the CEO of Algorand, and Kaza is a longtime venture capitalist and digital assets investor.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.