SBF from FTX eyes to bid on Celsius assets
Sam Bankman-Fried, the crypto billionaire who has been bailing out distressed industry players in recent months, is considering bidding for the assets of bankrupt lender Celsius Network.
FTX is also in the process of raising a $1 billion funding round, the same person said. That round hasn’t closed yet or been made public.
In addition to its lending business, Celsius, which filed for bankruptcy in July, owns large Bitcoin mining operations and a crypto custody business. It’s unclear if Bankman-Fried’s crypto companies — the FTX crypto exchange or trading firm Alameda Research — are considering bidding for some or all of Celsius’s assets.
South Korea seeks to freeze 3,313 bitcoin from Do Kwon
South Korean prosecutors are seeking to freeze 3,313 bitcoins at two cryptocurrency exchanges allegedly tied to luna founder Do Kwon. The coins were moved soon after a South Korean court issued an arrest warrant for the Terraform Labs co-founder. Luna Foundation Guard has denied transferring the coins.
An official at the Seoul Southern District Prosecutors’ Office confirmed to Bloomberg that requests have been sent to the two cryptocurrency exchanges to freeze the 3,313 BTC.
Cryptoquant specified new bitcoin addresses owned by LFG based on transaction patterns, adjacent flows and material non-public information.
Strike raises $80 million in series B round
Bitcoin payments company Strike has raised $80 million in a Series B funding round.
Venture capital firm Ten31, which focuses on Bitcoin companies, led the round but Washington University in St. Louis, and the University of Wyoming, also took part, according to a Tuesday announcement.
The cash will be used to grow Stike’s partnerships with merchants.
Strike uses the Lightning Network, a solution that works to speed up Bitcoin transactions so the cryptocurrency can be used to make everyday purchases.
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