.CelsiusNetwork purchased the firm for $115 million last year
GK8 was founded by cybersecurity experts Shahar Shamai and Lior Lamesh. Prior to being acquired by Celsius, the firm raised $10 in funding. Following the acquisition, Shamai and Lamesh will not spearhead Galaxy's custodial technology unit. reported by U.
TodayThe low acquisition price reflects the dire state of the cryptocurrency industry amid the ongoing crypto winter. Banking giantCelsius was forced to file for bankruptcy back in July after suspending withdrawals. Alex Mashinsky stepped down as the company’s CEO in September.
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