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Ex-Algorand Boss Steve Kokinos Tapped as CEO for Firm Buying Celsius
According to court filings, Steve Kokinos, the former CEO of Algorand, has been proposed as the CEO for Fahrenheit Holdings, the company buying Celsius. The Official Committee of Unsecured Creditors, representing Celsius customers, played a significant role in the hiring process, appointing six of the nine board members. The consortium, backed by US Bitcoin, Arrington Capital, and Kokinos, emerged as the winning bidder for Celsius in May, aiming to take over its institutional loan portfolio, staked crypto, and Bitcoin mining unit.