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Celsius Acquiring Israeli Cybersecurity Company GK8 for $115M

Celsius Acquiring Israeli Cybersecurity Company GK8 for $115M

Celsius Acquiring Israeli Cybersecurity Company GK8 for $115M

GK8 was founded by Lior Lamesh and Shahar Shamai, who have worked as cybersecurity experts at the Office of the Prime Minister of Israel.

GK8 was founded by Lior Lamesh and Shahar Shamai, who have worked as cybersecurity experts at the Office of the Prime Minister of Israel.

GK8 was founded by Lior Lamesh and Shahar Shamai, who have worked as cybersecurity experts at the Office of the Prime Minister of Israel.

By Tanzeel Akhtar
AccessTimeIconNov 2, 2021, 7:05 PM
Updated May 11, 2023, 5:49 PM
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Cryptocurrency lender Celsius Network is acquiring Israeli cybersecurity company GK8, the company announced Monday.

  • GK8 was founded by Lior Lamesh and Shahar Shamai, who have worked as cybersecurity experts at the office of the Prime Minister of Israel.
  • Celsius and GK8 will now provide an enterprise-grade custody platform for banks and financial institutions offering digital asset services protection from cyber attacks.
  • GK8 serves banks, financial institutions, crypto exchanges or platforms, central bank digital currency (CBDC) projects, family offices and hedge funds.
  • In September, Celsius Network received a cease-and-desist order from Kentucky’s securities regulator over interest earned on certain crypto accounts. The regulator said the accounts violated securities laws and failed to disclose to customers what happens to their deposits and whether they are protected.

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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Tanzeel Akhtar

Tanzeel Akhtar is a reporter based in London,UK.

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