FTX CEO Sam Bankman-Fried said in a tweet on Oct. 2 that the company would pay a “fair market value” for Celsius’ assets if it was involved in the process of acquiring a bankrupt lender. .
To be clear, on Voyager, bids are generally determined by fair market prices and there are no discounts. The goal is not to buy assets for $1 and make money, but to pay $1 for every dollar and give that $1 back to the customer.
It’s the same with Celsius.
—SBF (@SBF_FTX) October 2, 2022
Celsius Investors Wary of Buying FTX
BnkToTheFuture CEO Simon Dixon has expressed concern about the possibility of FTX acquiring Celsius assets.
just now @SBF_FTX is raising money at a $32 billion valuation to purchase assets. @ machine ski Scam from us. What do you think he’s selling to investors? It’s an asset! https://t.co/PqokxhIblf
— Simon Dixon (Beware of Impersonation) (@SimonDixonTwitt) October 2, 2022
According to Dixon, FTX is raising money at a valuation of $32 billion to purchase Celsius’ assets. He continued that SBF’s pitch to investors would be: want to enter? ”
Dixon said it would be less likely that Celsius’s creditors would go full if an outside investor like FTX bought the company. It can be done,” he claims.
3/7) Only creditors can perfect other creditors. Only regulators can agree on a compliant structure.that’s all #Celsius You can plan exclusively.that’s all @CelsiusUcc Alternates can be forced. Only judges can sign off. Only creditors can vote. Only an examiner can prove a crime. pic.twitter.com/wkFyTEw85O
— Simon Dixon (Beware of Impersonation) (@SimonDixonTwitt) October 2, 2022
Dixon said:
“There are voluntary leaders of creditor interest groups who can coordinate the best recovery for their benefit. Loans, Custody, Earn, Mining, Tokens. It’s not my plan to win, it’s Celsius who wins. It is not the plan of the creditor, but the plan of the creditor.”
However, SBF responded that if his firm buys Celsius’ assets, the goal is to “pay $1 for every $1 and return that $1 to the customer.”
FTX previously pulled out of a deal to acquire Celius due to a $2 billion hole in its balance sheet, reports have revealed.
Meanwhile, FTX has not provided any information on the fate of its Voyager customers since completing its acquisition of the bankrupt company.
Regulators oppose Celius plans to sell stablecoins
U.S. Department of Justice objected In a September 30th court filing, Celsius complied with its request to resume withdrawals and sell the stablecoin.
According to the DOJ, it’s important for the court to have a clear picture of Celsius’ financial situation before making such a decision.State regulators in Texas and Vermont also objected For Celsius motion, say it Bankrupt companies may seize the opportunity to resume illegal business in their state.
On the other hand, the court approved Appointment of Shobha Pillay as an independent inspector to provide a complete report on the assets and liabilities of Celsius.
