News

Sam Bankman-Fried Will Acquire Celsius For $32 Billion Bid?

BnkToTheFuture founder Simon Dixon shared that FTX is “financing at a $32 billion valuation” to buy Celsius assets. Commenting on the tweet, Sam Bankman-Fried said it would determine the fair market price for Celsius, as it did with Voyager.

In a recent tweet by BnkToTheFuture Founder, Simon Dixon shared that FTX is looking to acquire the assets of bankrupt crypto lender Celsius.

According to the share, Simon Dixon said FTX CEO Sam Bankman-Fried is said to be raising $32 billion to buy Celsius assets. Right below the article, Sam also shared details on how his company will approach the acquisition of Celsius.

Bankman-Fried is that his firm’s bid is determined at “fair market price, no discount“. This is also the way to determine the bid for the recent acquisition of other bankrupt company Voyager Digital’s assets.

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.

“goal isn’t to make money buying assets at cents on the dollar, it’s to pay $1 on the $1 and get the $1 back to customers. If we were to get involved in Celsius, it would be the same.”

He said

In his statement, the CEO of FTX did not correct the determined bid for Celsius at this time. Therefore, the information that FTX raised $ 32 billion to buy Celsius is still unknown.

Celsius’s situation at the moment is not very good as bankruptcy proceedings are still controversial as many regulators have filed objections to Celsius selling off its stablecoin holdings as well as reopen withdrawals for customers before the due diligence report is complete.

In addition, the former CEO of Celsius is also receiving much criticism when in an October 2 report by Finance Times accused him of withdrawing $10 million before the company stopped withdrawing with withdrawals and filed for bankruptcy.

Coincu will continue to update the situation related to SBF, you can find out more information through this article.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Foxy

CoinCu News

Victor

Recent Posts

Market Overview (Dec 16 – Dec 22): Altcoins Stall, BTC Faces Strong Pullback

MicroStrategy buys 15,350 BTC; Ripple launches RLUSD; Lido exits Polygon; BTC drops post-ATH; reduced liquidity…

17 minutes ago

Bybit Proof Of Reserve Shows Changes In BTC, ETH, And USDT

Bybit Proof of Reserve reveals BTC holdings at 50,412 (-8.55%), ETH at 525,641 (+8.11%), and…

3 hours ago

Bitcoin Spot ETF Inflows Reach $449M With BlackRock Leading

Key Points: Bitcoin Spot ETF Inflows totaled $449M, led by BlackRock’s $1.45B contribution. Ethereum Spot…

3 hours ago

Best New Meme Coins to Join for 2025: BTFD Coin Leads, Popcat Keeps It Purr-fect, and Non-Playable Coin Hits Gamers Hard

Discover the Best New Meme Coins to Join for 2025. BTFD Coin's price rollback offers…

5 hours ago

Solana memecoins crash while DTX Exchange hits 100,000 TPS on layer-1 blockchain

Discover how DTX Exchange's historic achievement of 100,000 transactions per second on a layer-1 blockchain…

5 hours ago

Strategic Bitcoin Reserve Expected to Cut 35% of US National Debt by 2049

VanEck suggests the U.S. could reduce its national debt by 35% by 2050 through a…

5 hours ago

This website uses cookies.