FTX: Sam Bankman-Fried considers buying Bankrupt Crypto Lending Firm Celsius as CEO Alex Mashinsky steps down

FTX CEO Sam Bankman-Fried Is Reportedly Considering Taking A Stake In Forbidden Crypto Lending Network Celsius As He Begins Rescuing Affected Industry Players by the bear market.

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FTX: Sam Bankman-Fried considers buying Bankrupt Crypto Lending Firm Celsius as CEO Alex Mashinsky steps down

Citing people familiar with the matter, Bloomberg reports that Bankman-Fried is considering bidding for properties in Celsius, though it's unclear whether crypto billionaire digital asset exchange FTX or the firm Commercial Alameda Research will bid for only some or all of the properties company is in trouble.

U.S. subsidiary FTX will also receive assets from another crypto company, Voyager Digital, after winning its bankruptcy auction with a $1.4 billion bid.

The Bankman-Fried briefing aimed at taking over Celsius assets comes after Alex Mashinsky's resignation as chief executive of the embattled company.

In his resignation letter released by Celsius on Tuesday, Mashinsky said he would resign immediately, as his continued CEO role had become "a growing distraction." However, he will continue to work with the company, as he retains his directorship at degrees Celsius.

“I have chosen to step down as CEO of Celsius Network today. However, I will continue to maintain my focus on working to help the community work together to develop a plan that delivers the best results for all creditors, which is what I have been doing since the Company filed for bankruptcy. "


Sep 30, 2022

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