ARRINGTON-LED GROUP WINS RIGHTS TO MANAGE CELSIUS ASSETS

Summary from the TLDR Crypto newsletter

Celsius, the now defunct crypto lending platform, is set to relaunch under new management after Fahrenheit LLC, led by investment firm Arrington Capital, who won the bid to manage Celsius's assets. The Fahrenheit consortium will provide resources to revive the company, which will be owned by Celsius's creditors, and in return, the Fahrenheit team will earn an annual $35 million management fee.