FTX CEO Sam Bankman-Fried Considering To Bid For Bankrupt Celsius’ Assets

FTX Sam Bankman-Fried May Be Considering To Bid For Bankrupt Celsius’ Assets.

According to a new Bloomberg report, crypto exchange FTX’s CEO, Sam Bankman-Fried is potentially looking to bid on the bankrupt Celsius’ assets.

FTX SBF Eyeing To Bid On Celsius

Earlier this week, Celsius’ CEO, Alex Mashinsky announced that he was stepping down from the position after the company’s creditor committee called for his removal.

Along with this news, rumors have been circulating from undisclosed sources that Sam Bankman-Fried is in the process of raising a $1 billion funding round for FTX with the goal of bidding on Celsius’ assets with these funds.  

Relatd: FTX Sam Bankman-Fried Says They Still Have $1 Billion For Acquisitions

Since the reveal of FTX’s possible acquisition of Celsius’ assets, Celsius’ native token CEL saw a slight 15% spike in its prices, leading it to trade at around $1.52 at the time.

Previous Acquisitions

Sam Bankman-Fried seems to be on the roll of acquiring and largely asserting himself into the crypto space as both FTX and Alameda Research have been on a buying spree, acquiring and making deals with multiple bankrupt or struggling Web3 companies.

Not long ago, Sam Bankman-Fried also made headlines after news was announced that FTX had won the bidding to acquire the assets from Voyager Digital for a massive $1.4 billion. The company had beat multiple other large companies for these assets, including giants like Binance.

Earlier this year in June, Bankman-Fried’s FTX had also signed a credit deal worth $250 million with the struggling company, BlockFi. 

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