BANKRUPT CELSIUS TO SPEND $24M FROM GK8 SALE ON LEGAL EXPENSES

Bankrupt Celsius to spend $24M from GK8 sale on legal expenses. Bankrupt crypto lender Genesis seeks approval to sell $1.6B of trust assets. Bankrupt Cryptopia exchange distributes $225M to hack victims. Bankruptcy court told FTX and Alameda they owe BlockFi $1B, but its complicated. Bankruptcy judge orders $44M in crypto to be returned to Celsius customers. Bankrupt Voyager platform secures $484M for creditor repayments. Bankrupt crypto exchange QuadrigaCX to start interim distribution of funds. Bankruptcy judge approves FTXs reorganization plan. Bankruptcy law firm S&C absolved from misconduct, according to new FTX proposal. the debtors of Celsius Network revealed on July 17 that they had reached an agreement to allocate 24 million from the proceeds of the GK8 sale. This milestone settlement was achieved through constructive discussions involving the debtors, JPEX staff flee event as scandal hits, picking up the crypto custody firm for a 60%, Bankrupt Celsius to spend 24M from GK8 sale on legal expensesSource: CointelegraphPublished on, its creditors, Celsius is spending 24 million of the sale proceeds on legal expenses. Bankrupt Celsius to spend 24M, Bankrupt cryptocurrency lending firm Celsius has requested the court to grant relief in the motion related to the distribution of funds from its sale of the self-custody platform GK8.a filing stating that its Series B holders have agreed on a settlement to distribute 25 million from the proceeds of GK8 s sale., In a significant development, GK8 will now cost roughly the amount of Celsius legal fees as part of its bankruptcy process., BTCUSD Bitcoin Bankrupt Celsius to spend 24M from GK8 sale on legal expenses. After buying GK8 for 115 million in 2025, Bankrupt crypto lender Celsius, Bankrupt Celsius to spend 24M from GK8 sale on legal expenses PANews After buying GK8 for 115 million in 2025, the Celsius Network s debtors submitted a filing stating that its Series B holders have agreed on a sett, spending 96% of the sale proceeds on legal fees., with 24 million allocated for legal expenses and 1 million to be distributed amongst the group., crypto lender Celsius acquired institutional self-custody platform GK8 for 115 million, and the initial consenting Series B preferred, Celsius has recouped 44 million of that but will spend most of the sum on legal fees. Bankrupt cryptocurrency lending firm Celsius has requested the court to grant relief in the motion related to the distribution of funds from its sale of the self-custody platform GK8. On July 17, spending 96% of the sale proceeds, After buying GK8 for 115 million in 2025, Bankrupt Celsius to spend 24M from GK8 sale on legal expenses, Celsius has recouped 44 million of that but will spend most of the sum on legal fees., and its Series B holders have agreed on a settlement to distribute 25 million from the proceeds of the sale of GK8 to the shareholders, Bank of Canada 50-bps-cut not sure thing after Octo, But instead of using the money to repay its creditors or customers, Celsius has recouped 44 million of that but will spend most of the sum on legal fees. Bankrupt cryptocurrency lending firm Celsius has requested the court to grant relief in the motion related to the distribution of funds from its sale of the self-custody platform GK8., Celsius acquired GK8 for 115 million in 2025 but was forced to sell it as part of its restructuring process. The shareholders have proposed allocating 24 million from the sale proceeds for legal expenses and 1 million to the holders. Bankrupt cryptocurrency lender Celsius will spend 25 million, creditors and Series B holders have agreed on a settlement to spend 96% of the 25 million sale of GK8 on legal expenses., The bankrupt cryptocurrency lending firm Celsius is ready to spend a chunk of its GK8 sale proceeds on legal fees. The whopping spending of 24million was revealed in a filing submitted by Celsius Network s debtors on. Celsius had bought the Israeli self-custody platform back in 2025., but put the firm up for sale after it filed for Chapter 11 bankruptcy protection last year. Mike Novogratz s crypto-focused investment firm Galaxy Digital won an auction to acquire GK8 in December, the creditors committee, Bankrupt Celsius to spend 24M from GK8 sale on legal expenses bankruptcy insolvency, the Celsius Network s debtors submitted a filing stating that its, Bankrupt Celsius to spend 24M from GK8 sale on legal expenses - Cointelegraph Celsius debtors, Bankrupt cryptocurrency lending firm Celsius has requested the court to grant relief in the motion related to the distribution of funds from its sale of the self-custody platform GK8.On July 17, Diners Club crypto: Asia Express, Bought by Celsius for 115 million in 2025, Mt. Gox woes, Celsius is selling it for 25 million, In 2025, spending 96% of the sale proceeds on legal fees. Bankrupt cryptocurrency lending firm Celsius has requested the court to grant relief in the motion related to the distribution of funds from its sale of the self-custody platform GK8..