Binance to relaunch bid for bankrupt Voyager Digital
After FTX filed for bankruptcy
Binance.US, the American arm of the world’s largest crypto exchange, plans to bid for bankrupt lending platform Voyager Digital, Coindesk reported on Thursday.
This comes a week after FTX, which agreed to acquire Voyager’s assets for $1.4 billion in September, filed for Chapter 11 bankruptcy protection in the U.S.
In response, Voyager ended the deal with FTX and announced it was in active discussions with several alternative bidders.
“We were shocked, disgruntled, dismayed,” Joshua Sussberg said during a recent Voyager bankruptcy hearing, according to a Bloomberg report. “There will be no transaction with FTX, I think that is quite obvious.”
The lender filed for bankruptcy in July, citing market volatility and the default of Three Arrows Capital (3AC) on a $673 million loan.
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