CEO of FTX, one of the leading crypto exchanges Sam Bankman-Friedbankruptcy in the past few months Celsius talked about.
FTX The exchange is implementing a reverse investment strategy by buying crypto startups that have recently been in distress or bankruptcy. At the DC Fintech event, the young CEO made a new statement about the exchange’s claims that it will buy Celsius.
While Bankman-Fried did not deny the allegations about the Celsius acquisition, he explained that they are not a clear candidate for the acquisition.
“I think many crypto startups may go bankrupt in the coming days. However, as of now, we have completed most of the investments we will make.”
Celsius continues to hold hearings with the bankruptcy court for its restructuring plan. Allegedly, an auction process is likely to begin for the bankrupt crypto lending platform. The FTX exchange is expected to participate in this auction. Bankman-Fried spoke cautiously, though not completely shutting the doors:
“We carefully monitor bankruptcy startups like Celsius. But that doesn’t mean we’re going to buy every company that comes our way.”
Another crypto startup that went bankrupt in the past weeks, Voivager An auction was held for The candidate with the best bid in the auction was the FTX exchange. FTX acquired Voyvager at the end of September for $1.4 billion.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!