American entrepreneur and CEO of FTX Sam Bankman-Fried is considering bidding for bankrupt Celsius Network’s assets, according to reports.
There is speculation that Bankman-Fried companies, FTX or Alameda Research are bidding for a partial or full share of Celsius’ assets after it filed for bankruptcy on July 15.
Celsius’s CEO Alex Mashinsky resigned from his position earlier this week. The company is currently looking into a range of alternatives from either restricting or liquidising the crypto firm.
Last month the bankrupt network said it received several cash offers to aid in funding its restructuring process.
Alongside its lending business, Celsius also owns Bitcoin mining operations and a crypto custody business.
Bankman-Fried, founder and CEO of FTX, recently acquired the assets of insolvent company Voyager Digital in a $1.4bn agreement.