Sam Bankman-Fried of FTX May Take away the Assets of Bankrupt Celsius, Report
The CEO and Founder of FTX (a crypto exchange) and Alameda Research (a trading company), Sam Bankman-Fried, is reportedly contemplating purchasing Bankrupt Celsius’ funds. Celsius is a crypto lending platform that has become bankrupt in the aftermath of Terra’s (LUNA) collapse. As per a report published by Bloomberg, a person acquainted with SBF’s deal-making has asserted that his eyes are now focused on the assets of Celsius.
SBF Reportedly Contemplates Buying the Assets of Bankrupt Celsius
According to the report, it is up till now ambiguous whether the firms of Sam Bankman-Fried are targeting a few or the entirety of the assets under Celsius. An auto-response email was sent by Celsius to answer this. The company noted that it is operating on making a reply to several inquiries as soon as possible along with offering the new updates through the official Twitter page as well as the blog thereof.
On Monday, the U.S.-based sub-branch of FTX – FTX.US – remained successful in getting the bid to purchase Voyager Digital (a crypto investment venue that submitted bankruptcy filing in July 2022. While commenting on this event, Voyager mentioned that the platform welcomed the $1.4B bid of FTX to be sold while Wave Financial and Binance were the runner-ups in this case.
Earlier this month, while appearing in CNBC-based Squawk Box’s interview, Sam Bankman-Fried specified that the minimum amount of up to $1B is possessed by FTX to be deployed on additional bailouts and acquisitions. Celsius, the company which submitted its bankruptcy filing in July this year, was categorized among the well-known players operating within the crypto industry, with liabilities of more than $2B.
Vermont’s Officials Allege Alex Mashinsky of Cheating with Investors and Users
Simultaneous to the lending activities, Celsius additionally carries out BTC mining operations as well as the business of crypto custody. Formerly this month, an allegation has been raised on the behalf of the officials of Vermont that the position of Celsius has been that of an insolvent entity since 2019. They also alleged that this scenario has not been disclosed by the management of the firm.
As per them, a lot of untrue and deceptive statements have since been made by Alex Mashinsky (the CEO of the crypto lending firm). Vermont’s executives claimed that Celsius’s CEO kept the real state of the company a secret and deceived the consumers and investors.
