Celsius Winner Proof Group Is in Running to Relaunch FTX, Sources Say
The Silicon Valley investment firm was part of the Fahrenheit consortium that successfully bid for bankrupt cryptocurrency lender Celsius.
Binary trading platforms with better performance and payouts
Bankruptcy
The Silicon Valley investment firm was part of the Fahrenheit consortium that successfully bid for bankrupt cryptocurrency lender Celsius.
The value of FTX’s stake in Solana’s SOL token, for instance, has just added $1 billion in two weeks.
The latest transactions followed $19 millions worth of crypto moved from FTX cold wallets to exchanges.
The debtor group in control of FTX assets has conducted various on-chain transactions in the past few weeks.
A deal was secured to pay those who had money at defunct FTX as much as 90% of the assets that remain, and now the lawyers representing some creditors are trying to get enough of those investors on board to make it happen.
BlockFi advertisement in Washington D.C.’s Union Station (CoinDesk archives)
The bankrupt crypto exchange has sued former employees of Salameda, a Hong Kong-incorporated affiliate, to recover about $157.3 million.
The company filed for bankruptcy in August.
Tyler and Cameron Winklevoss at TechCrunch Disrupt NY 2015 (TechCrunch/Wikimedia)
Celsius had previously claimed hundreds of millions in damages in a squabble over unpaid dues that led to its mining rigs being powered down.