Celsius, creditors, and Series B investors have reached a settlement regarding the proceeds from the sale of GK8

According to ChainCatcher, as reported by CoinDesk, Celsius, its creditors, and Series B investors have agreed to a settlement that will distribute $25 million from the sale of Celsius subsidiary GK8 to shareholders, with $24 million allocated for legal fees and $1 million to be distributed among the group.
Previous report states that as part of Celsius's bankruptcy proceedings, the self-custody platform GK8 was sold to Galaxy Digital. Additionally, Celsius completed its Series B funding round in November 2021. Growth equity firm Westcap and a pension fund from Quebec, Canada, led this round, which was oversubscribed, increasing the funding amount from $400 million to $750 million.