Crypto Currency Tracker logo Crypto Currency Tracker logo
Cryptoknowmics 2022-10-03 07:15:17

Sam Bankman-Fried Outlines How FTX Might Pursue Celsius Bid

Sam Bankman-Fried (SBF), the founder and CEO of FTX, has released information about how his company might approach acquiring Celsius’ assets. The remarks are in response to FTX US’s acquisition of the assets of insolvent crypto lender Voyager Digital for $1.3 billion last week during an auction and a subsequent rumor that FTX was considering a bid for the Celsius assets. Fair Marketing Price, No Discount Sam Bankman-Fried stated that his company’s proposal was based on fair market pricing and no discounts in response to BnkToTheFuture creator Simon Dixon’s claim that FTX was seeking financing at a $32 billion value to purchase Celsius’ assets for cents on the dollar. to be clear — in Voyager, our bids are generally determined by fair market price, no discounts; 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. — SBF (@SBF_FTX) October 2, 2022 According to SBF, the objective of his business is not to earn income by purchasing assets at cents on the dollar. It is geared toward making consumers whole again. FTX Won Bid For Voyager Digital’s Assets On September 27, FTX won the bid for Voyager Digital’s assets. The contract’s estimated worth was $1.4 billion. The FTX US portal would enable clients to trade and store crypto following the end of the company’s chapter 11 cases. The only information provi...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.