Sam Bankman-Fried Eyes On Bidding For Celsius Assets

Name	Symbol	Market	Market Cap ($)	Algorithm
Terra	LUNAUSD	Crypto	435,600,333	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Terra

LUNAUSD

Crypto

435,600,333

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.01805	2.84%	0.65371	0.65018	0.65193

Price Change

Price Change %

Current Price

Bid Price

Offer

0.01805

2.84%

0.65371

0.65018

0.65193

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.66601	0.63566	0.63566	0.63566	- - -

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.66601

0.63566

- - -

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	02:27:28	10.00	0.65371	USD

Exchange

Last Trade

Size

Trade Price

Currency

KRKN

02:27:28

10.00

0.65371

USD

Price x Volume	Volume	Base Symbol	Related Pairs
3,660.66	5,545.89	LUNA	LUNAEUR	LUNAGBP	LUNABTC

Price x Volume

Volume

Base Symbol

Related Pairs

3,660.66

5,545.89

Sam Bankman-Fried Eyes On Bidding For Celsius Assets

28/09/2022 4:51pm

NEWSBTC

Celsius Network is a cryptocurrency lending firm headquartered in New Jersey. Though it maintained its offices in four countries, the company’s operation was global. Celsius allowed users to deposit different crypto assets while offering a percentage yield as a reward. Also, customers could get loans from the platform through a pledge of some digital assets as securities. Many crypto-related firms were affected during the severe crypto winter in the first half of 2022. The collapse of the algorithmic stablecoin Terra and its ecosystem magnified the crisis in the crypto space. Celsius was one of the struggling firms that experienced a more significant impact from the situation. Related Reading: Ep01- Dr. Ruja – Companion Guide For BBC’s “The Missing Cryptoqueen” Podcast The company could not survive the heat of the prolonged bearish trend. According to some industry participants, the lending firm had to struggle more due to its outrageous rates on yields. Subsequently, it became bankrupt, stopped all withdrawals on its platform, and filed for Chapter 11 bankruptcy protection. SBF To Bid For Celsius Assets Following insolvency, a reporting source disclosed that Celsius assets are up for bidding. According to the report, the founder and CEO of FTX crypto exchange, Sam Bankman-Fried, plans to participate in bidding for the assets. Despite the overall crypto market decline today, the native token of Celsius, CEL, surged by 10% following the SBF statement. However, the token dipped after a few trading hours. At the time of press, CEL is trading around $1.51 depicting an increase of 1.22% over the past 24 hours. The recent move from the SBF synchronizes with the vision of his companies, Alameda and FTX. Through the bearish crypto trend in the first half of the year, the firms have been making several purchases in the crypto industry. SBF had a deal with BlockFi, one of the struggling crypto lending companies. Also, there are reports of SBF’s possible acquisition of Robinhood. However, the authenticity is still doubtful as it could all be part of rumors. In the latest development, FTX just won its bid for the assets of the insolvent Voyager Digital. The assets have an estimated value of about $1.4 billion. The company came out at the top after an auction that took two weeks with Binance and others as bidders. FTX will use West Realm Shires Inc., its US subsidiary, to acquire the assets. Alex Mashinsky, CEO Of Celsius Network Resigns Recently, Alex Mashinsky, the CEO of the Celsius Network, tendered his resignation letter. The executive announcement was on Tuesday, September 27, to the Special Committee of the Board of Directors of Celsius Network. Related Reading: Fantom Surprises With 5% Rally In Last 24 Hours – More Gains Ahead? Mashinsky’s resignation cuts across all his positions in the firm. These include his position as the CEO and other positions and directorships at various company subsidiaries. Featured image from Zipmex, Chart: TradingView.com

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LUNAUSD Terra