News28 September 2022

The CEO of cryptocurrency exchange FTX plans to buy the assets of bankrupt cryptocurrency lender Celsius

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Not long ago, we listened to various stories from Sam Bankman-Fried, about the incredible sums allocated to help cryptocurrency companies. Today, however, we have direct proof that, right after the purchase of Voyager, there are plans to bid for Celsius.

According to Bloomberg, an anonymous source broke the news, adding that FTX is also planning to raise $1 billion in a new round of funding, which we wrote about.

In June, Celsius announced that the platform would suspend all withdrawals, swaps, and transfers between accounts, citing extreme market conditions. The company later filed for Chapter 11 bankruptcy protection.

While much of the cryptocurrency market is deep in the red today, Celsius' native token rose 10% after the news of SBF. Still, it retreated to the familiar ground shortly after that.

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