Addressing Simon Dixon's Tweets, Sam Bankman-Fried disclosed how FTX would place bids on Celsius’ assets.
On Sunday, Simon Dixon, CEO of BnkToTheFuture, called out the users whose crypto assets are stuck on Celsius via Twitter. According to him, external investors will not be able to maximize recovery for the creditors.
Alluding to FTX winning the auction to purchase Voyager's assets, Simon claimed that the exchange has raised $32B to buy Celsius for “cents on the dollar.”
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He also added that Nexo and Binance are potential bidders in Celsius’ auction, and no bailout could recover the funds currently frozen on Celsius.
Already done. They are potential bidders not creditors. There is no bailout that fills the hole. It’s up to creditors to create the value from our assets. https://t.co/Zl4DltYW9m
— Simon Dixon (Beware Impersonators) (@SimonDixonTwitt) October 3, 2022
In response, Sam Bankman-Fried clarified that contrary to Simon’s allegations, FTX’s bids for Voyager’s assets were based on market price. He stated that acquiring Voyager for cheap wasn’t the firm’s goal, adding,
“The goal isn't to make money buying assets at cents on the dollar, it's to pay $1 on the $1 and get the $1 back to customers.”
He concluded his message by stating that FTX would use the same strategy if it enters the Celsius auction.
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, it's to pay $1 on the $1 and get the $1 back to customers.
— SBF (@SBF_FTX) October 2, 2022
If we were to get involved in Celsius, it would be the same.
Following Sam Bankman’s statement, Simon asked him to discuss a plan to “make up the difference in equity” via DM.
However, there was no public response from the exchange's CEO as of writing this article.
