SBF Plotting Bid for Celsius Network's Assets, According to Bloomberg
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SBF Plotting Bid for Celsius Network's Assets, According to Bloomberg

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2 months ago

It's unclear what FTX, or his trading firm Alameda Research, are interested in acquiring — and whether this relates to its mining operations or crypto custody business.

SBF Plotting Bid for Celsius Network's Assets, According to Bloomberg

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Sam Bankman-Fried is considering bidding for Celsius Network's assets, according to Bloomberg.

The news outlet also says that his crypto exchange, FTX, is currently preparing to raise an additional $1 billion in funding.

Bloomberg says it's unclear what FTX, or his trading firm Alameda Research, are interested in acquiring — and whether this relates to its mining operations or crypto custody business.

There's currently a $1.2 billion black hole in Celsius Network's finances — and yesterday, Alex Mashinsky announced he was stepping down as the company's CEO.

FTX has been making a series of acquisitions during the bear market, and buying distressed companies at discounted valuations.

This week, it was also confirmed that the company had won a "highly competitive auction" for Voyager Digital's assets — paying $1.42 billion in total.
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