Insiders: SBF is considering bidding for Celsius's assets

According to Chain Catcher, citing informed sources from Bloomberg, FTX CEO Sam Bankman-Fried (SBF) is considering a bid for the assets of the bankrupt crypto lending platform Celsius Network.

As previously reported by Chain Catcher, on September 27, Voyager Digital announced that after multiple rounds of bidding, its operating company Voyager Digital LLC selected FTX US as the highest and best bidder for its assets. The Official Committee of Unsecured Creditors (UCC) notarized and supported FTX US's winning bid.

FTX US's bid is approximately $1.422 billion, which includes the fair market value of all Voyager cryptocurrencies at a future date, estimated at $1.311 billion based on current market prices, plus an estimated additional consideration providing about $111 million in incremental value. The company's claims against Three Arrows Capital remain in the bankruptcy estate, which will allocate any available recoveries on such claims to the creditors of the estate. (source link)