Sam Bankman-Fried Eyes On Bidding For Celsius Assets
Celsius Network is a cryptocurrency lending firm headquartered in New Jersey. Though it maintained its offices in four countries, the company’s operation was global. Celsius allowed users to deposit different crypto assets while offering a percentage yield as a reward. Also, customers could get loans from the platform through a pledge of some digital assets as securities. Many crypto-related firms were affected during the severe crypto winter in the first half of 2022. The collapse of the algorithmic stablecoin Terra and its ecosystem magnified the crisis in the crypto space. Celsius....
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The crypto billionaire said he would look at Celsius, but he saw little left to rescue otherwise; the mess is the price of inaction on the part of regulators and the industry. FTX head Sam Bankman-Fried said that he will take a look at Celsius, but he does not see a lot more to do on the “rescue market.” He hoped FTX will be able to start returning the money left in Voyager to investors soon. FTX bought Voyager assets at auction after the company spurned his buyout bid.“I’m sure there’s something we haven’t seen yet, but there isn’t a whole lot out there that we’re aware of. There aren’t....
The FTX founder said the company paid the “fair market price” for Voyager’s assets and would look to do the same in a deal for Celsius' assets. FTX founder and CEO Sam Bankman-Fried have shared details on how his firm would approach a buy-up of Celsius’ tassets. The comments come in light of FTX US snapping up bankrupt crypto lender Voyager Digital’s assets for $1.3 billion via auction last week and a recent report that FTX was considering a bid for Celsius’ assets as well. Responding to a tweet from BnkToTheFuture founder Simon Dixon alleging FTX was "raising finance at a $32Billion....
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