Crypto exchange FTX, brought by crypto millionaire Mike Bankman-Fried (SBF), is apparently thinking about bailing out Celsius Network by putting in a bid around the bankrupt lender’s assets. Coincidently, the data arrived on the scene within 24 hours Alex Mashinsky resigned because the Chief executive officer of Celsius.
“I regret that my ongoing role as Chief executive officer is becoming an growing distraction, and i’m very sorry concerning the difficult financial conditions people in our community are facing,” stated Mashinsky while explaining his decision. For FTX, obtaining the assets of Celsius would imply the exchange’s intent in order to save the finance company, much like what FTX US did for Voyager by securing the winning bid of roughly $1.4 billion.
Bloomberg reported on FTX’s curiosity about Celsius Network according to insights from the person acquainted with SBF’s deal-making. However, the official statement from either party is pending during the time of writing.
On Sept. 22, FTX was apparently discovered to be in talks with investors to boost $1 billion, which, if bagged, is needed the exchange hold its $32 billion valuation among a bear market.
Celsius declared personal bankruptcy after disclosing about $1.2 billion in deficit in mid-2022. In August, Reuters reported on Ripple’s curiosity about purchasing Celsius’ assets, that has since gone cold.
FTX hasn’t yet taken care of immediately Cointelegraph’s request comment.
Related: British regulator lists FTX crypto exchange as ‘unauthorized’ firm
With what appears just like a massive restructuring drive, Brett Harrison walked lower from FTX US president to maneuver into an advisory role within the next couple of several weeks.
1/ A comment: I’m walking lower as President of @FTX_Official. Within the next couple of several weeks I’ll be transferring my responsibilities and getting into an advisory role at the organization.
— Brett Harrison (@BrettHarrison88) September 27, 2022
“Until then, I’ll be assisting Mike [Bankman-Fried] and also the team with this particular transition to make sure FTX ends the entire year with all of its characteristic momentum,” stated Harrison.
