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The post Former Algorand CEO Appointed as CEO of Bankrupt Crypto Lender Celsius! appeared first on Coinpedia Fintech News
Steve Kokinos, former CEO of Algorand, has been appointed CEO of the company taking over operations of bankrupt crypto lender Celsius. Two members of Celsius’ creditor committee will sit on the board of the new company, which is being referred to as NewCo. Creditors currently have until September 22 to approve the sale plan to Fahrenheit Holdings, co-owned by Kokinos along with mining company US Bitcoin and hedge fund Arrington Capital. The appointment of Kokinos and the creditor committee members to the board was outlined in court filings on Friday.
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