The crypto exchange FTX, which is run by the crypto billionaire Sam Bankman-Fried (SBF), is rumoured to be thinking about helping out the bankrupt lender Celsius Network by bidding on its assets. Alex Mashinsky quit as CEO of Celsius on the same day that this information came out.
Mashinsky said, “I’m sorry that my job as CEO has become more and more of a distraction, and I’m very sorry that people in our community are having a hard time with their finances.” By buying Celsius’s assets, FTX would be showing that it wants to save the lending company, just like what FTX US did for Voyager by putting in the winning bid of about $1.4 billion.
Someone who knows how SBF does business told Bloomberg that FTX was interested in Celsius Network. At the time of writing, neither side has made an official statement.
On September 22, it was said that FTX was in talks with investors to raise $1 billion. If they were successful, this would help the exchange keep its $32 billion value during a bear market.
Midway through 2022, Celsius filed for bankruptcy after saying that it had a $1.2 billion deficit. Reuters reported in August that Ripple was interested in buying Celsius’ assets, but that interest has since died down.
Related: Clients of crypto lender Celsius will have to wait a long time to find out what will happen to their money.
Asian Trade has asked FTX for a comment, but they haven’t replied yet.
Brett Harrison quit as president of FTX US and will become a consultant in the next few months as part of what seems to be a huge effort to reorganise.
1. I’m leaving my position as President of @FTX Official. Over the next few months, I’ll be giving up my responsibilities and taking on a role as a consultant at the company.
Brett Harrison (@BrettHarrison88) September 27, 2022
“Until then, I’ll be helping Sam [Bankman-Fried] and the team with this transition so that FTX ends the year with all of its usual momentum,” said Harrison.
