The “hung” loans have led to bankers calling it the worst buyout since 2008.
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Brad Garlinghouse, CEO of Ripple, said the company would be interested in companies owned by FTX that serve business customers.
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According to an SEC filing, Twitter’s nine board members lost their place on the board as part of Elon Musk’s takeover deal.
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After Elon Musk signaled his intention to continue the deal to buy the social media platform earlier in October, reports are emerging that the acquisition is almost over.
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The crypto billionaire said he would look at Celsius, but he saw little left to rescue otherwise; the mess is the price of inaction on the part of regulators and the industry.
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The FTX founder said the company paid the “fair market price” for Voyager’s assets and would look to do the same in a deal for Celsius’ assets.
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Acquiring the assets of Celsius would imply FTX’s intent to save the lending firm, similar to what FTX US did for Voyager by securing the winning bid of approximately $1.4 billion.
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Voyager hints that its customers will eventually transition to the FTX platform after it finishes its Chapter 11 bankruptcy proceedings.
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“We’re in this together” — Crypto lending platform Nexo has appointed Citibank to advise on acquisitions from struggling crypto firms.
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Nexo platform could rescue Celsius' customers after “what appears to be the insolvency of the Celsius Network.”
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The NFT marketplace buys the nearly five-year-old DeFi protocol but does not share financial terms.
4642 - Altcoin Watch
Its "decentralized" Treasury has more than $45 million and would pursue similar YFI buybacks in the future.
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