1 year ago
FTX CEO Sam Bankman-Fried said his steadfast would wage a “fair marketplace price” for Celsius’ assets if it gets progressive successful the bankrupt lender acquisition process successful an Oct. 2 tweet.
to beryllium wide — successful Voyager, our bids are mostly determined by just marketplace price, nary discounts; extremity isn't to marque wealth buying assets astatine cents connected the dollar, it's to wage $1 connected the $1 and get the $1 backmost to customers.
If we were to get progressive successful Celsius, it would beryllium the same.
— SBF (@SBF_FTX) October 2, 2022
Celsius investors wary of FTX purchase
Simon Dixon, the CEO of BnkToTheFuture, has expressed concerns implicit the anticipation of Celsius assets being purchased by FTX.
Right present @SBF_FTX is raising concern astatine a $32Billion valuation successful bid to bargain the assets that @Mashinsky scammed from us. What bash you deliberation helium is pitching to his investors? “I’m astir to get billions of $$$ of assets for cents connected the dollar. Do you privation in?” It’s OUR Assets! https://t.co/PqokxhIblf
— Simon Dixon (Beware Impersonators) (@SimonDixonTwitt) October 2, 2022
According to Dixon, FTX is raising funds astatine a $32 cardinal valuation to money its acquisition of Celsius assets. He continued that SBF’s transportation to investors would beryllium “I’m astir to get billions of $$$ of assets for cents connected the dollar. Do you privation in?”
Dixon stated that the chances of Celsius creditors being made full becomes slimmer if an outer capitalist similar FTX buys the company. Instead, helium argues that “only creditors tin marque different creditors whole.”
3/7) Only creditors tin marque different creditors whole. Only regulators tin hold connected a compliant structure. Only #Celsius tin enactment guardant a program successful exclusivity. Only @CelsiusUcc tin unit alternative. Only justice tin motion off. Only creditors tin vote. Only examiner tin beryllium crime. pic.twitter.com/wkFyTEw85O
— Simon Dixon (Beware Impersonators) (@SimonDixonTwitt) October 2, 2022
Dixon said:
“There are voluntary leaders of creditor involvement groups that tin co-ordinate champion betterment for their interests – Loans, Custody, Earn, Mining, Token – it’s not my program that wins, it’s not Celsius program that wins, it’s creditors program that wins.”
SBF, however, responded that if his steadfast were to acquisition Celsius’ assets, the extremity would beryllium “to wage $1 connected the $1 and get the $1 backmost to customers.”
Reports revealed that FTX had walked distant from a woody to get Celius earlier due to the fact that of a $2 cardinal spread successful its equilibrium sheet.
Meanwhile, FTX has not provided accusation connected Voyager’s customers’ destiny since it completed the acquisition of the bankrupt company.
Regulators determination against Celius’s program to merchantability stablecoins
The US Department of Justice objected to Celsius’ petition to reopen its withdrawals and merchantability its stablecoins successful a Sept. 30 tribunal filing.
According to the DOJ, it is important to person a wide thought of Celsius’ finances earlier the tribunal makes specified a decision. State regulators successful Texas and Vermont besides objected to the Celsius motion, saying the bankrupt steadfast whitethorn prehend the accidental to reopen its amerciable operations successful their states.
Meanwhile, the tribunal has approved Shoba Pillay’s assignment arsenic an autarkic examiner to supply a afloat study connected Celsius’ assets and liabilities.
The station FTX volition wage just marketplace worth for Celsius, SBF says appeared archetypal connected CryptoSlate.
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