Former Algorand CEO Steve Kokinos has been appointed as the new CEO to succeed Celsius Operations.

According to BlockBeats news on September 11th, the bankrupt crypto lending platform Celsius has hired a former executive from Algorand, WeWork, and Credit Suisse to join its new board of directors. Former CEO of Algorand, Steve Kokinos, has been appointed as the future CEO of Celsius' operating company. The new board members include executives from WeWork, Credit Suisse, and UBS, as well as two members from Celsius' creditor committee. According to court documents on Saturday, eight out of nine board members have been appointed to the unnamed Delaware company's board of directors, which is currently referred to as "NewCo".