Sam Bankman-Fried Outlines How FTX Might Pursue Celsius Bid
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The remarks are in response to FTX US's acquisition of the assets of insolvent crypto lender Voyager Digital for $1.3 billion last week during an auction and a subsequent rumor that FTX was considering a bid for the Celsius assets.
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According to SBF, the objective of his business is not to earn income by purchasing assets at cents on the dollar. It is geared toward making consumers whole again.
FTX Won Bid For Voyager Digital's Assets
On September 27, FTX won the bid for Voyager Digital's assets. The contract's estimated worth was $1.4 billion. The FTX US portal would enable clients to trade and store crypto following the end of the company's chapter 11 cases. The only information provided about what would happen to Voyager users and their crypto assets was on the portal.
On the other hand, Celsius' depositors appear to be in a worse position of uncertainty at this point. However, there is a widespread notion that the business might attempt to dispose of its billions of dollars worth of assets, though other ideas, such as a customer refund in Celsius (CEL) tokens, could be discussed.
Celsius Network Founder Withdrew $10M
Yesterday, Alex Mashinsky, the founder and former CEO of Celsius Network, reportedly took $10 million from the crypto lending platform weeks before it froze client assets and filed bankruptcy. On September 27, Mashinsky resigned as CEO of Celsius, claiming that his position had become a growing distraction.
