After successfully acquiring Voyager…FTX turns its sights on Celsius’ assets
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Answer After successfully acquiring Voyager…FTX turns its sights on Celsius’ assets
FTX has seen major acquisitions this year of distressed crypto firms in the wake of the massive crash in the cryptocurrency market.
Earlier this week, FTX won a bid to acquire the assets of troubled lender Voyager Digital.
According to sources familiar with the matter, FTX must now bid for the bankrupt Celsius Network’s assets.
There is news in the market that FTX is currently raising $1 billion from the market for this.
If FTX can pull off and close the Celsius deal, it will help them spread a lot.
In addition to its private lending business, Celsius also owns a cryptocurrency custody and bitcoin mining business.Read:Texas is heading to become a Silicon Valley of Crypto…Details here
At the moment, it is not clear whether Sam Bankman Fred’s group of companies, which includes FTX and Alameda Research, are bidding for the total acquisition of Celisus or just some of it.
Bankman successfully acquired Voyager Digital assets for $1.4 billion.
This includes $1.3 billion in the value of all cryptocurrencies managed by Voyager Digital plus $110 million in additional considerations.
Appear intention FTX is acquiring Celsius assets after CEO Alex Mashinsky resigned from the company on Tuesday.
Celsius is currently considering several options on the table including restructuring as well as liquidation.
Last month, Celsius received multiple offers of new cash to help with the restructuring process.
FTX Headquarters Relocation:
On Tuesday, the president of FTX also made another important announcement about moving FTX’s headquarters from Chicago to Miami.
In addition, Zack Dexter will succeed Brett Harrison as the new president of FTX USA.Read:Proposing a new bill to regulate stablecoins in the US…Details here
Dexter was previously the CEO of LedgerX before it was acquired by FTX US.
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