The founder and Chief Executive Officer (CEO) of digital-asset exchange FTX is considering bidding for the assets of bankrupt lender Celsius Network, according to a source familiar with the matter.
FTX has already managed to acquire the assets of bankrupt crypto brokerage Voyager Digital Ltd. this week after winning an auction with a bid of about $50 million, Blockchain.News reported.
Besides its lending business, Celsius owns large Bitcoin mining operations and a crypto custody business. The company filed for bankruptcy in July of this year.
However, it is unclear as to which of Bankman-Fried’s crypto companies - the FTX crypto exchange or trading firm Alameda Research - will be bidding for some or all of Celsius' assets.
According to data from CoinGecko, Celsius’s token, CEL, jumped as much as 9.9% on the development before retreating again.
Crypto platform BlockFi was also under FTX's acquisition radar earlier this year, along with a potential takeover of Robinhood Markets Inc.,...
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