FTX will pay fair market value for Celsius, SBF says
A Celsius investor Simon Dixon argued that FTX aims to purchase Celsius' asset cheaply.
Track crypto bankruptcies, restructurings, creditor updates, and court filings tied to failed exchanges, lenders, and digital asset firms.
FTX will acquire bankrupt Voyager's digital assets and enable Voyager's customers to resume trading and store their crypto holdings on the FTX platform after the conclusion of Voyager's bankruptcy process.
Celsius immediately announced the appointment of Chris Ferraro as the Chief Restructuring Officer and Interim Chief Executive Officer.
The shareholders want Celsius to "dollarize" the crypto holdings of its customers.
The firm reportedly owes $500 million to about 200 creditors and has assets that are valued between $100 million and $500 million.
Aiden Pleterski and his cryptocurrency company AP Private Equity Limited allegedly cheated $35 million out of 140 investors while living in luxury.
Voyager asked the court to keep the crypto wallets that would be involved in the transactions private.