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Celsius and Creditors Reach Settlement to Distribute $25 Million From GK8 Sale



Celsius, its creditors, and Series B holders have reached a settlement to distribute $25 million from the sale of GK8. The funds will be allocated for legal expenses and distributed among the group. The sale price of GK8 to Galaxy Digital was significantly less than what Celsius had paid for it. The bankruptcy proceedings and legal disputes involving Celsius are ongoing.
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