Odaily Planet Daily News According to court documents filed on Friday, former Algorand CEO Steve Kokinos will become the CEO of Fahrenheit, which will take over Celsius’ operations and serve on the board of directors, which includes the bankrupt cryptocurrency loan. Two members of the creditors committee of Celsius Agency.
Celsius filed for bankruptcy and creditors are currently voting on whether to sell the company to Fahrenheit Holdings.
Kokinos left Algorand in July 2022 and is the Co-Owner of Fahrenheit. (CoinDesk)
According to previous news, Celsius creditors will vote on the "asset sale plan to the Fahrenheit consortium" between August 24 and September 22, and are expected to recover 67% to 85% of the assets.