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- Sam Bankman-Fried expresses his thoughts as his firm FTX is paying fair market price for Voyager’s assets.
- He also added that if his firm gets involved in Celsius then their approach would be the same.
After winning bankrupt crypto lender, Voyager Digital assets, FTX founder and CEO Sam Bankman-Fried (SBF) expresses the approach for buying the assets of another bankrupt crypto firm, Celsius.
FTX Founder’s Bid Approach
Last week, FTX US grabbed Voyager Digital’s assets for $1.3 billion through an auction. As the founder made it clear that if his firm would consider Celsius’s assets then they will follow the same procedure like Voyager Digital assets.
The Twitter Response
The founder of BnkToTheFuture, Simon Dixon recently Tweeted that “Right now SBF_FTX is raising finance at a $32Billion valuation in order to buy the assets that Mashinsky (Ex-CEO of Celsius) scammed from us.”
Over this Tweet, SBF made an response and clarified that “In Voyager, our bids are generally determined by fair market price, no discounts; goal isn’t to make money buying assets at cents on the dollar, it’s to pay $1 on the $1 and get the $1 back to customers.” He further continued with “If we were to get involved in Celsius, it would be the same.”
On September 27, 2022 FTX US secured Voyager Digital’s assets by winning in the bid with a deal that valued at $1.4 Billion. And SBF also retweeted about Voyager Digital’s successful auction on the same day.
While the CEO of Celsius Network, Alex Mashinsky last week announced his resignation amid bankruptcy proceedings. On the other hand the FTX founder, SBF reportedly raised around $1 Billion in funding the firm.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
