FTX CEO Sam Bankman-Fried is taking a bullish stance amid the “great depression” of cryptocurrency.
Instead of joining the list of peers hedging losses by slashing workforces by upwards of 20%, FTX is on a mergers and acquisitions tear, acquiring three firms this year alone.
The fourth acquisition would’ve been crypto lending firm Celsius Network. Bankman-Fried reportedly approached Celsius in a deal to take control of Celsius but walked away after examining the finances.
Here’s a bit of background on why FTX approached Celsius in the first place: By staking the …
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