FTX founder and CEO Sam Bankman-Fried could be bidding for the assets of beleaguered cryptocurrency lender Celsius shortly after winning the bid for Voyager Digital’s assets.
This comes just following the resignation of Alex Mashinsky – the former CEO of the struggling lender.
According to Bloomberg, an anonymous source revealed the news, adding that FTX is also planning to raise $1 billion in a new funding round.
The latest development comes shortly after FTX won the auction for the assets of struggling crypto firm Voyager Digital, which has an estimated worth of about $1.4 billion. FTX beat bidders like Binance to emerge the winner.
Celsius, in June, announced that the platform would halt all withdrawals, swaps, and transfers between accounts, citing extreme market conditions. The company later sought Chapter 11 bankruptcy protection.
As recently reported by CryptoPotato, Celsius CEO Alex Mashinsky stepped down from the helm effective immediately.
SBF, through its companies – FTX and Alameda – has been on a buying spree since the crypto bear market began earlier this year. He made such a deal with another struggling lender – BlockFi – while there were also reports about a potential acquisition of Robinhood, but that seems to be just a rumor for now.
Although most of the crypto market is deep in red today, Celsius’ native token spiked by 10% after the SBF news came out but retraced to a familiar ground shortly after.
The post Sam Bankman-Fried Plans to Bid for Celsius Assets: Report appeared first on CryptoPotato.
