Galaxy Digital Holdings has won the bid to acquire the Celsius-owned self-custody platform GK8 as part of Celsius' latest bankruptcy proceedings.
from Galaxy, if the acquisition goes ahead, Galaxy will acquire the platform's nearly 40-strong team as part of the deal including cryptographers and blockchain engineers and the GK8's team office in Tel Aviv.
The team behind the platform claims it can run secure blockchain transactions without being connected to the internet, severely reducing the risks of hacks.for $115 million, though Galaxy has not disclosed how much it offered for the firm. "Adding GK8 to our prime offering at this pivotal moment for our industry also highlights our continued willingness to take advantage of strategic opportunities to grow Galaxy in a sustainable manner," he added.
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