A person familiar with Sam Bankman-Fried’s deal-making told Bloomberg News on Wednesday said that the crypto billionaire, who has been bailing out distressed sector participants in recent months, is considering bidding for the assets of bankrupt lender Celsius Network. According to the same source, FTX is also in the process of raising a $1 billion funding round which has not yet concluded or been made public. It’s unknown whether Bankman-cryptocurrency Fried’s businesses, such as the FTX crypto exchange or trading firm Alameda Research, are considering bidding for some or all of Celsius’s assets.
