Sam Bankman-Fried sheds light on how FTX would approach a Celsius bid
FTX founder and CEO Sam Bankman-Fried have shared details on how his firm would approach a buy-up of Celsius’ tassets.
The comments come in light of FTX US snapping up bankrupt crypto lender Voyager Digital’s assets for $1.3 billion via auction last week and a recent report that FTX was considering a bid for Celsius’ assets as well.
Responding to a tweet from BnkToTheFuture founder Simon Dixon alleging FTX was "raising finance at a $32Billion valuation" in order to buy Celsius' assets at "cents on the dollar," Bankman-Fried clarified that his firm's bid is determined at "fair market price, no discounts."
You up for discussing a plan to make up the difference with equity? I have some ideas that will make the community very happy with the deal? DM me. This has really impacted many people lives.
Bankman-Fried his company's goal "isn't to make money buying assets at cents on the dollar," and is instead focused on making customers whole again, stating:
Reports that FTX had secured the winning bid for the assets of Voyager Digital first emerged on Sept. 27, with the deal reportedly valued at $1.4 billion.
Little information was given around the fate of Voyager customers andtheir crypto holdings, with the platform only mentioning that the FTX US platform “will enable customers to trade and store cryptocurrency after the conclusion of the company’s chapter 11 cases.“
However, Celsius' depositors appear to be in a worse state of limbo at this stage, though there is a general feeling that the firm could look to auction off its billions of dollars worth of assets, although other plans could be floated, such as a customer repayment in Celsius (CEL) tokens.
Related: Celsius founder reportedly withdrew $10M before bankruptcy filing: FT
Mu
Read more on cointelegraph.com
