According to the Bloomberg report, FTX, owned by billionaire Sam Bankman-Fried, is circling the beleaguered lending company Celsius.
It wasn't clear whether Bankman- Fried would bid for some or all of Celsius's assets, a person familiar with his deal-making. FTX.US, the American division of FTX, recently won a bid to purchase Voyager Digital, a troubled investment company that filed for Chapter 11 bankruptcy in July of this year.
Voyager said it accepted the exchange's $1.4 billion offer to acquire the insolvent company.
Wave Financial and Binance considered a deal as well.
Sam Bankman- Fried stated earlier this month that FTX had at least $1 billion available for more acquisitions and bailouts in an interview with CNBC's Squawk Box.
In July, Celsius, one of the major players in the space of criptocurrencies, filed for bankruptcy with liabilities of more than $2 billion.
In addition to its lending activities, Celsius also has a business that runs a Cryptocurrency custody business and also runs a Bitcoin mining operation.
Vermont officials allege that Celsius CEO Alex Mashinsky exaggerated the company's financial condition by false and deceptive representations. In early 2022, a series of bad deals led to the demise of the criptocurrency lender.
I regret that my continued role as CEO has become an increasing distraction, and I am very sorry for the difficult financial circumstances that members of our community are facing, he said.
Mashinsky said he worked tirelessly to help Celsius and its advisors put forward a viable plan for the company to return coins to creditors.
He said he was committed to helping the company continue to flesh out and promote that plan in order to help account holders become whole.
Kevin O Leary and Anthony Scaramucci were thought leaders of the industry at the 2022 Benzinga Conference in New York City.