The freezing cold of the crypto winter continues to plague digital asset markets. Many companies in the value chain are resisting and waiting impatiently for the market to rebound. The weaker ones went bankrupt shortly after the onset of the crisis. They are now coveted by investors. Celsius is one of them. The company would interest the boss of the FTX exchange, who plans to give it a new life.
After Voyager Digital, heading for another crypto lender!
In a article published on September 28, Bloomberg reported that Sam Bankman-Fried, CEO of crypto exchange FTX plans to buy bankrupt crypto lender Celsius Network. The American daily relies on information provided by sources familiar with the matter. These did not specify which of the billionaire’s companies will carry the offer between FTX and trading company Alameda Research. It’s also unclear whether the offer will cover some or all of the troubled company’s assets.
The announcement of Sam Bankman-Fried’s interest comes days after Celsius boss Alex Mashinsky resigned. The latter, however, indicated in his resignation letter that he will continue to work with the Celsius teams to reimburse customers affected by the company’s situation.
If successful, Bankman-Fried will have offered two companies in difficulty, hit by the cold of the bear market. In effect, FTX.US, the American subsidiary of FTX, recently concluded a deal to offer Voyager Digital, another bankrupt crypto loan provider. This for the trifle of 1.4 billion dollars. If within the community we wonder about the real diary of Bankman-Fried, it is clear that these acquisition plans reflect FTX’s ambition to expand its services beyond the provision of a trading platform.
At the height of the crypto industry’s cash crunch, Sam Bankman-Fried said he has “a few billion” to bail out troubled companies in the market. A few months later, he offered himself the lender Voyager Digital and would consider doing the same with Celsius Network.
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