Sam Bankman-Fried sheds light on how FTX would approach a Celsius bid

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Sam Bankman-Fried sheds light on how FTX would approach a Celsius bid
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Sam Bankman-Fried says a Celsius bailout would follow the same route as Voyager, with FTX looking to help customers get back their locked-up assets rather than buying them 'at cents on the dollar.'

" in order to buy Celsius' assets at"cents on the dollar," Bankman-Fried clarified that his firm's bid is determined at"fair market price, no discounts."

“[The] 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. If we were to get involved in Celsius, it would be the same.” Little information was given around the fate of Voyager customers andtheir crypto holdings, with the platform only mentioning that the FTX US platform “will enable customers to trade and store cryptocurrency after the conclusion of the company’s chapter 11 cases.“

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