Crypto News

Sam Bankman-Fried Considers Buying Bankrupt Crypto Lending Company Celsius As CEO Alex Mashinsky Resigns

FTX exchange CEO Sam Bankman-Fried is reportedly looking to take a stake in the ailing crypto lender Celsius Network as he sets out to rescue industry players battered by the bear market.
Citing people familiar with the matter, Bloomberg reports that Bankman-Fried is considering bidding on Celsius’ properties, though it’s unclear whether crypto billionaire digital asset exchange FTX or trading firm Alameda Research is just for some or all assets of the ailing company.

FTX’s US subsidiary will also acquire the assets of another embattled crypto company, Voyager Digital, after winning its bankruptcy auction with a $1.4 billion bid.

Bankman-Fried report aimed at taking over Celsius assets emerges after Alex Mashinsky resigned as CEO of the embattled company.

In his resignation letter, which Celsius released on Tuesday, Mashinsky says he is stepping down effective immediately as his continued role as chief executive has “become a growing distraction.” However, he will continue to work with the company as he retains his position as a director at Celsius.

“Today I have decided to step down from my position as CEO of Celsius Network. Nonetheless, my focus will remain on helping the community unite behind a plan that offers the best outcome for all creditors – and that’s what I’ve done since the company filed for bankruptcy.”

Featured image: Shutterstock/ValDan22

Source: Crypto News Deutsch

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