Tag: sam bankman-fried

Oct 03 2022

FTX will pay fair market value for Celsius, SBF says

Oct 03 2022 Published at CryptoSlate under tags  bankruptcy celisus ftx sam bankman-fried

FTX CEO Sam Bankman-Fried said his firm would pay a "fair market price" for Celsius' assets if it gets involved in the bankrupt lender acquisition process in an Oct. 2 tweet. to be clear -- in Voyager, our bids are generally determined by fair market price, no discounts; goal isn't to make money buying assets at cents on the dollar,...

Sep 28 2022

FTX CEO Sam Bankman-Fried Mulls Acquiring Celsius Assets

Summary: Sam Bankman-Fried could acquire assets from bankrupt crypto lender Celsius, Bloomberg reported. SBF already acquired Voyager Digital assets in a massive $1.4 billion deal. Celsius is the process of restructuring and regaining stability after falling into insolvency earlier in the year. CEO Alex Mashinsky stepped down on Tuesday as part of the process, reports say. Sam Bankman-Fried, CEO of crypto exchange FTX...

After Voyager’s Success, FTX Sets Its Eyes on Celsius Network’s Assets

Crypto exchange FTX U.S. has been on a major acquisition spree this year of distressed assets following the major crash in the crypto market. Earlier this week, FTX won the bid for acquiring assets of troubled crypto lender Voyager Digital. As per sources familiar with the matter, the crypto exchange... Read more

Sep 12 2022

Sam Bankman-Fried ‘Optimistic’ About Future Of Regulated Crypto

Sep 12 2022 Published at Coingape under tags  ftx news sam bankman-fried

Billionaire crypto investor Sam Bankman-Fried said the U.S. administration would prepare rules for crypto within an year's time. He had in fact expressed surprised over the efforts in the direction of doing the right things for the digital assets industry. A draft bill or any other framework for new rules... Read more

Sep 09 2022

FTX Ventures to Acquire 30% Stake in SkyBridge Capital

FTX Ventures, a $2 billion venture capital firm based in Nassau, Bahamas, is planning on buying a 30% stake in SkyBridge, a global hedge fund and alternative asset manager.

SkyBridge Capital, which was founded in 2005 by Anthony Scaramucci, a former aide of ex-President Donald Trump, announced the planned investment on Friday in a statement.

The hedge fund, however, did not disclose the financial...

Aug 31 2022

Sam Bankman-Fried: Crypto Winter Could Have Been ‘Worse’

Aug 31 2022 Published at Coingape under tags  ftx news sam bankman-fried

FTX chief executive officer Sam Bankman-Fried said the crypto winter could have been much worse in terms of asset prices. The billionaire investor feels the industry needs sensible regulation and it would not matter...

Aug 23 2022

FTX CEO Sam Bankman-Fried Could Buy Out BlockFi For A Peanut $15 Million: Report

Crypto exchange FTX is set to make the best buyout deal this year when it finalizes terms to acquire BlockFi, a crypto lending services platform that rose to prominence following the 2021 bull run. A new report has it that the floor price for FTX.US’ acquisition agreement with BlockFi has been placed at $15 million, with the price tag increasing based on "performance."...

Aug 22 2022

Crypto Exchange FTX Revenue Reportedly Balloons 1,000% To Over $1 Billion In 2021

Aug 22 2022 Published at Bitcoinist.com under tags  bitcoin btcusd crypto crypto news ftx

Crypto exchange FTX has disclosed that its revenue skyrocketed to more than 1000% last year courtesy of the bull market that saw Bitcoin soaring to a record peak of $69,000, and pushing the company's revenue from just under $90 million in 2020 to balloon to over $1 billion the following year. Sam Bankman- Fried, FTX CEO, has confirmed a CNBC story that the company's...

Aug 20 2022

FTX Is Spreading False Statements About Crypto Products, FDIC Says

FTX US received a cease-and-desist warning from the United States Federal Deposit Insurance Corporation on Friday, telling the crypto exchange to stop issuing "false" statements and “misleading” consumers about the insurance status of their products. Four other crypto companies were given the warning by the FDIC. These are: SmartAsset.com, Cryptonews.com, Cryptosec.info, and FDICCrypto.com. The regulator claims that these companies misled consumers...

Aug 13 2022

Crypto Billionaire Sam Bankman-Fried, Justin Sun Reportedly Eyeing Majority Takeover Of Huobi

Aug 13 2022 Published at Bitcoinist.com under tags  crypto crypto news ftx huobi justin sun

The founder of crypto exchange Huobi Global, Leon Li, is in discussions to sell nearly 60% of his investment in Huobi, which accounts for 5% of all crypto trading volume. Reports on Saturday indicate the deal is priced between $2 and $3 billion. Existing investors in Huobi, including Sequoia China and ZhenFund, were reportedly notified of Li's decision during a shareholder meeting in...

Jul 25 2022

Voyager Digital: FTX’s Offer Is A “Low Ball Bid,” Argues It Disrupts Bankruptcy Process

In response to FTX's proposal to provide early liquidity to Voyager customers, the attorneys for insolvent cryptocurrency lender Voyager Digital called the proposal a "low-ball bid dressed up as a white knight rescue" that only benefited FTX. Voyager Lawyers Call FTX's Offer A " Low Ball Bid" In court...

Voyager Digital Lawyers: FTX 100% Early Liquidity Proposal Benefits Only FTX, Not Customers

Summary: Voyager Digital lawyers submitted a court filing in response to a proposal from FTX supposedly geared toward making customers whole. FTX offered early liquidity to Voyager customers as the crypto platform is faced with bankruptcy. CEO of the crypto exchange Sam Bankman-Fried expanded on the offer via a Twitter thread and stressed how the proposal gives customers access to 100% of Voyager's...

FTX CEO Sam Bankman-Fried Accuses Voyager of Slowly Bleeding Customers Frozen Assets

A new battle has emerged between troubled crypto lender Voyager Digital and crypto exchange FTX. On Sunday, July 24, Voyager rejected the buyout proposal from FTX calling it a "low-ball bid" as well as 'misleading and outright false claims'. FTX chief Sam Bankman-Fried has lashed out at Voyager explaining how the troubled crypto is trying...

Jul 22 2022

FTX Voyager Joint Offer Gives Customers Chance To Liquidate, Here’s How?

Jul 22 2022 Published at Coingape under tags  news sam bankman-fried voyager digital

Voyager customers could soon open a new FTX account and have an opening balance as part of a joint offer. According to an announcement made on Friday, the joint offer between FTX and Voyager provides for early liquidity to customers. Voyager had earlier this month filed for bankruptcy earlier this month due to its exposure...

Sam Bankman-Fried’s FTX is Reportedly Negotiating to Buy S. Korea’s Bithumb

Summary: FTX is reportedly in talks to acquire the South-Korea based Bithumb crypto exchange. The Sam Bankman-Fried-led crypto exchange was reported to be raising funds earlier this week after carrying out a shopping and bailout spree in the last few weeks. The Sam Bankman-Fried crypto exchange FTX is reportedly in talks to acquire the South Korean platform of Bithumb. According to Bloomberg, the...

Breaking: Sam Bankman-Fried’s FTX Likely To Buy This Crypto Exchange

Jul 22 2022 Published at Coingape under tags  news sam bankman-fried sbf

Sam Bankman-Fried's FTX continues to explore options to expand through acquisitions in the cryptocurrency market. In the last few months, SBF backed several crypto firms including Voyager Digital and BlockFi. The billionaire investor providing revolving credit facility for the beleaguered companies. Meanwhile, FTX is said to be exploring yet another potential acquisition, but this time around in...

Jul 19 2022

SkyBridge Capital’s fund suspends withdrawals because of stocks, crypto decline

Former White House Communication Director Anthony Scaramucci's fund management firm SkyBridge Capital suspended withdrawals in one of its funds with exposure to crypto assets like Bitcoin (BTC) and Ethereum (...

See Sam Bankman Fried’s Warning About The Next Big Risk To Economy

Jul 19 2022 Published at Coingape under tags  ftx ceo news sam bankman-fried

FTX CEO Sam Bankman Fried described in detail what he believes to be the next big risk. According to SBF, the biggest question facing the world and world economy is how we handle the next pandemic. SBF believes that the Covid-19 pandemic does not show the worst-case scenario of a possible pandemic. Pointing to the...

Jul 09 2022

Will Your Crypto Assets Crash? FTX CEO Warns Of More Trouble

Jul 09 2022 Published at Coingape under tags  ftx ceo news sam bankman-fried

FTX CEO, Sam Bankman-Fried, issued a dire warning that some crypto assets have real crash potential. In a conversation with CNN, SBF warned that a substantial fraction of cryptocurrencies is empty products. SBF also highlighted that such empty currencies represent a very small portion of crypto assets by market cap or volume. However, when considering...

Jul 07 2022

FTX Big Boss Says Damaging Part Of Crypto Calamity Is Over

The CEO of FTX, one of the world’s largest crypto exchanges, said the most damaging part of the ongoing cryptocurrency turbulence that sent tokens plunging and triggered the downfall of a number of major companies, has likely passed. In recent weeks, FTX big boss Sam Bankman-Fried has become crypto's lifeline, supplying badly needed funding to crypto companies that have collapsed as cryptocurrency prices...

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