Crypto Billionaire Bankman-Fried Eyes Celsius Assets

By The Exchange Team

Sam Bankman-Fried, the crypto billionaire who has been helping out struggling sector players, is considering bidding for Celsius Network's assets, a source said.

Same source indicated FTX is raising $1 billion. This round isn't closed or announced.

Celsius has substantial Bitcoin mining operations and a crypto custody business in addition to its lending business.

It's unknown if Bankman-crypto Fried's companies — FTX or Alameda Research — are considering bidding for Celsius's assets.

According to CoinGecko data, Celsius's token, Cel, rose as much as 9.9% in response to the news before falling back.

According to CoinGecko data, Celsius's token, Cel, rose as much as 9.9% in response to the news before falling back.

Bankman-Fried has already acquired the assets of bankrupt crypto brokerage Voyager Digital Ltd. in a $1.4 billion deal.