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Crypto Billionaire Bankman-Fried Eyes Bid for Celsius Assets (1)

Sept. 27, 2022, 11:44 PM

Sam Bankman-Fried, the crypto billionaire who has been bailing out distressed industry players in recent months, is considering bidding for the assets of bankrupt lender Celsius Network, according to a person familiar with his deal-making.

FTX is also in the process of raising a $1 billion funding round, the same person said. That round hasn’t closed yet or been made public.

In addition to its lending business, Celsius, which filed for bankruptcy in July, owns large Bitcoin mining operations and a crypto custody business. It’s unclear if Bankman-Fried’s crypto companies -- the FTX crypto exchange or trading firm ...