According to court documents, Steve Kokinos has been suggested as CEO for the company buying Celsius. The former CEO of Algorand, who left his position in July 2022, is one of nine individuals who are appointed to the board of the appropriately-named Fahrenheit Holdings.
Court documents filed on Sept. 8 claim that the Official Committee of Unsecured Creditors had a significant influence on the hiring process. Other well-known names include Michael Arrington, who established his own cryptocurrency hedge fund, Arrington Capital, after making early investments in Uber and Pinterest.
In court documents, Steve is described as “a serial entrepreneur and investor for over 25 years, founding and operating companies ranging from internet infrastructure, cloud software, communications, and crypto.”
Six of the nine board members were chosen by the committee, which stands up for the interests of Celsius customers who are still on the hook as a result of the company’s abrupt collapse. The co-chairs of the committee, Scott Duffy and Thomas DiFiore, have also been given seats at the table.
Duffy and DiFiore did not consider their own appointment, which was made “after extensive consultations with the Committee’s legal and financial advisors,” according to the filing.
Also Read: Bankrupt Celsius To Poll On Becoming A User-Owned Company
