Sam Bankman-Fried (SBF) On How FTX Would Bid For Celsius’ Assets
Sam Bankman-Fried On How FTX Would Bid For Celsius’ Assets!
Recently, crypto exchange FTX CEO, Sam Bankman-Fried finally addressed the rumors surrounding his plans to bid for Celsius’ assets.
Potentially Acquiring Celsius’ Assets
Last week, Sam Bankman-Fried, often known as SBF, and his company FTX was revealed to have won the bid for bankrupt crypto lender Voyager Digital’s assets for a reported $1.3 million through an auction.
Not long after, a number of insiders also revealed that SBF wasn’t stopping there and was currently keeping his eye out and considering on bidding for the assets of yet another bankrupt crypto lender, Celsius Network.
Related: FTX CEO Sam Bankman-Fried Considering To Bid For Bankrupt Celsius’ Assets
Since these rumors, SBF has yet to confirm or deny the fact that he will place a bid on these assets. However, just recently on October 2nd, SBF finally shed some light on what he and his company were going to do if they did indeed decide to bid on Celsius’ assets.
In a tweet made in response to allegations that FTX was raising finance at a $32Billion valuation to buy Celsius’ assets for a cheaper price, SBF responded denying these claims.
SBF explains that they had bought Voyager at a fair market price without discounts, and that “if they were to get involved in Celsius,” they would do the exact same thing.
to be clear — in Voyager, our bids are generally determined by fair market price, no discounts; goal isn't to make money buying assets at cents on the dollar, it's to pay $1 on the $1 and get the $1 back to customers.
If we were to get involved in Celsius, it would be the same.
— SBF (@SBF_FTX) October 2, 2022
SBF also explained in his tweet that he and his company’s goal isn’t to make money, but to “pay $1 on the $1, and get the $1 back to customers.”
“Goal isn’t to make money buying assets at cents on the dollar, it’s to pay $1 on the $1 and get the $1 back to customers. If we were to get involved in Celsius, it would be the same.” SBF stated.
Read More: Report Says, Ex-CEO Celsius Removed $10 million Before Company Halted Customer Accounts
So far, SBF’s statements on this issue haven’t necessarily clarified whether he and his company have definitely decided to place a bid on Celsius.
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