Crypto exchange FTX U.S.has been on a major acquisition spree this year of distressed assets following the major crash in the crypto market.Earlier this week, FTX won the bid for acquiring assets of troubled crypto lender Voyager Digital.
As per sources familiar with the matter, the crypto exchange shall now be bidding for the assets of the bankrupt lender Celsius Network.There’s news in the market that FTX is currently in the process of raising $1 billion from the market.
If FTX can pull this Celsius deal off, it will help them to spread if footprint across other sectors of the cryptosphere.In addition to its lending business, Celsius also owns a crypto custody business and Bitcoin mining operations.For now, it’s unclear if Sam Bankman-Fried’s group of companies, which include FTX and Alameda Research, are bidding for only some or all of Celisus’s assets.
As said, Sam Bankman-Fried managed to successfully scoop the assets of Voyager Digital for a massive $1.4 billion.This includes $1.3 billion in value of all cryptocurrencies currently with Voyager Digital as well as $110 million of “additional consideration”.
The news of considering the acquisition of Celsius’s assets comes just after CEO Alex Mashinsky resigned on Tuesday.Celsius is currently considering several options on the table including restructuring as well as liquidation.
Last month, Celsius received multiple offers of a fresh cash infusion to help with its restructuring process.
Trending Stories
Relocating FTX Headquarters
On Tuesday, FTX chief Sam Bankman-Fried also made another important announcement of relocating the FTX headquarters from Chicago to Miami.Furthermore, Zach Dexter will succeed Brett Harrison as the new president of FTX US.
Dexter was previously the CEO of LedgerX before it got acquired by FTX U.S.In Tuesday’s announcement, SBF noted :
Really grateful to work with @zachdex, @_Ryne_Miller, and others to push forward in the US; and a heartfelt goodbye to @Brett_FTX as he transitions to an advisor and FTX US transitions to its Miami HQ! Being agile and coordinated is a core value–it’ll be great to be together.
– [After Voyager’s Success, FTX Sets Its Eyes on Celsius Network’s Assets]
– [The Fed Gets Trolled Over Their Response To Recession, Here’s Why]
– [Breaking: Fed Chair Powell Speaks On Digital Currency, Slams Crypto]
– [Japan Set To Combat Crypto Money Laundering In Recent Law Review]
– [Just In: Japan To Enhance Crypto Rules; Will This Affect Global Market?]
– [Breaking: Binance Implements Changes To Terra Classic (LUNC) Deposits And Withdrawals]
– [Breaking: Do Kwon Linked 3,313 Bitcoin To Be Seized? S.Korea Deepens Probe]
– [Vasil Hard Fork: Plutus V2 Scripts All Ready To Go Live On Cardano Mainnet]
– [Just-In: Upbit Reveals Plans To Use Terra Classic (LUNC) Transaction Fees]
– [Bitcoin Skyrockets As Stock Market Crashes, Is It Breaking Correlation]
– [Here’s How Descending Triangle Pattern Limits The Solana Coin Recovery]
– [Ethereum Price Approaching $1414 Teases Breakout; Is $1600 Within Reach?]
– [Chainlink Coin Winning Streak Sets Its Next Target At $9.5]
– [Can Rising Bitcoin Price Break The Accumulated Resistance At $20800?]
– [Uniswap Token Price Falling in Response to Channel Pattern; Back to $4.6?]
– [Here’s Why Helium Coin Price Could Soon Trigger A Direction Rally]
– [Polkadot Coin Reveals Bullish Pattern At $6 Accumulation Zone; Buy Now?]
– [Terra Classic Coin Skyrocketed 38%; Is There Still An Entry Opportunity?]
– [Apecoin Price Triggers A New Bear Cycle Within This Pattern; Buy Again?]
– [How Long Will Chainlink Price Consolidation Last?].
