FTX walked away from a deal with Celsius after seeing state of its finances: sources

From theblock.co

Crypto exchange operator FTX looked at making a deal with troubled crypto lender Celsius but ultimately walked away, two people with knowledge of the matter told The Block. FTX began talks with Celsius about providing financial support or making an acquisition but decided against proceeding after looking at Celsius's finances, the sources said. Celsius had a $2 billion hole in its balance sheet and FTX found the company difficult to deal with, one of the sources said. Celsius did not respond to The Block's request for comment. Celsius has been fighting for survival since freezing all withdrawals on June 12, citing ... (full story)