Sam Bankman-Fried's FTX Isn't Taking Bad Debt: Walks Away From Celsius Acquisition

FTX CEO Sam Bankman-Fried is taking a bullish stance amid the “great depression” of cryptocurrency. Instead of joining the list of peers hedging losses by slashing workforces by upwards of 20%, FTX is on a mergers and acquisitions tear, acquiring three firms this year alone.