FTX discarded Celsius deal after reportedly finding $2B missing from its balance sheet

According to a June 30 report, FTX reviewed its balance sheet and found a “$ 2 billion hole” before leaving the deal to buy Celsius. block..

Two sources reportedly said block “FTX found it difficult for the company to trade,” he said, eventually closing the deal because of “financial status.”

FTX has recently begun negotiations with another crypto platform, BlockFi. This platform also has liquidity issues after the collapse of Terra Luna.

A recent Nansen report identified “Three Arrows Capital” on June 7th as “withdrawing a significant amount of 29,054st ETH from BlockFi” on June 7th. It was worth about $ 50 million at the time. FTX has swooped in and provided BlockFi with $ 250 million in credits, and if it was possible to trade, it could now take over the entire business.

FTX CEO Sam Bankman-Fried also personally acquired a stake in Voyager Digital after FTX’s parent company Alameda Ventures issued $ 200 million and 15,000 Bitcoin loans to the exchange.

Through FTX and Alameda Ventures, SBF appears ready to buy a deal in the transmission of Terra Luna’s collapse.

Celsius was valued at $ 3.5 billion after raising $ 750 million in late 2021. Currently, the company is “in pursuit of strategic trading and debt restructuring,” based on a blog post published on June 30.