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Sam Bankman-Fried, the founder and CEO of crypto exchange FTX, has provided information on how his company might purchase Celsiusâ assets. Fried made remarks while responding to Simon Dixon, BnkToTheFuture CEO, who accused Bankman-Fried of wanting to get Celsiusâ billion dollar assets for peanuts as he did with the defunct crypto lender Voyager.
Previously, the United States arm of FTX (FTX.US) acquired Voyager Digital for $1.3 billion after a highly competitive auction process that lasted two weeks.
The FTX CEO clarified that his companyâs proposal for Voyager was based on âfair market pricing, no discounts,â countering Dixonâs claims. Moreover, he continued that the âgoal was not to make money buying assets at cents on the dollarâ but to pay $1 on the $1 and get the $1 back to customers.
to be clear â in Voyager, our bids are generally determined by fair market price, no discounts; goal isnât to make money buying assets at cents on the dollar, itâs to pay $1 on the $1 and get the $1 back to customers.
If we were to get involved in Celsius, it would be the same.
â SBF (@SBF_FTX) October 2, 2022
âIf we were to get involved in Celsius, it would be the same,â he concluded.
In a seven-paragraph tweet yesterday, CEO Dixon explained that âonly Celsius creditors can make other creditors whole, and only regulators can agree on a compliant structure.â Furthermore, he continued:
Some creditors are willing to invest into a management team that wants to build something potentially big and compliant. Others want out. External investors want to buy our assets cheap and wonât try to make us whole.
He also believes that if stakeholders get the deals wrong, the company may end up in the hands of billionaire Sam Bankman-Fried.
In the past, several regulatory bodies have expressed their opposition to Celsius selling its stablecoin assets. The Department of Justice rejected the firmâs motion to open withdrawals while the examinerâs report was in progress.
The post Bankman-Fried Sheds Light on How FTX Would Approach a Celsius Bid appeared first on Coin Edition.
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