The US arm of Binance is preparing to file a bid to buy bankrupt crypto lender Voyager Digital, according to a CoinDesk source.
At the auction for the sale of Voyager Digital, the FTX exchange once offered the most favorable conditions for the assets of a crypto-lender, thereby outperforming competitors Wave Financial and Binance. As a result, the exchange became the only buyer and signed a contract with a troubled company.
It is known that at that time the application of the Chinese Binance for the American Voyager was rejected because, as the organizers explained, “for national security reasons.”
After FTX filed for bankruptcy, Voyager Digital said it had reopened the asset sale bidding process and was in talks with alternative bidders, including financial and trading platform CrossTower, which had previously unsuccessfully bid for a crypto lender.
Thomas Braziel, managing partner at investment firm 507 Capital, said the situation is complicated by the fact that Voyager is about to file a lawsuit against FTX for breach of contract:
“The problem is that the lawsuit will only be directed against FTX US. I’m worried that most of the collateral will be held in trust. So any cause of action they have may end up with all customers. And the problem is, if the clients are not reinstated, how much will your unsecured claim be worth? It will be zero.”
The UK Parliament recently required crypto companies, including Binance, to report on their involvement in the collapse of the FTX exchange.
Source: Bits
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