The Bankruptcy Court for the Southern District of New York held an auction to sell the assets of bankrupt Voyager Digital. The winner will be announced at the end of September.
About 80 companies took part in a private auction to sell the assets of crypto lender Voyager Digital at the New York office of investment bank Moelis & Company. The final battle was between Sam Bankman-Fried’s FTX exchange and David Siemer’s investment firm Wave Financial.
Back in July, Sam Bankman-Fried made a direct offer to Voyager to acquire the company. However, the Voyager team bluntly rejected the offer, stating that it was “a cheap attempt dressed in white knightly armor.” According to representatives of the Voyager team, Bankman-Fried pursues only selfish goals, he does not care about the fate of his clients, and in fact he acts as a liquidator.
Before the start of trading, the presence of Wave Financial among the auction participants was not advertised. The exact amount FTX agreed to pay for Voyager has not been disclosed. There is information at the disposal of the media that the FTX offer turned out to be higher than that of the Wave.
In addition to the above companies, the world’s largest cryptocurrency exchange Binance was announced to participate in the auction for the sale of Voyager Digital assets. The media claim that it could seriously compete with all participants in the auction.
At the final stage of the submission of bids, it became known that the US Committee on Foreign Investment (CFIUS) could prevent Binance from participating in the auction. The reason was the decree of the President of the United States, which prohibits Chinese investors from participating in purchase and sale transactions of American companies that have access to confidential data of citizens of the country.
Source: Bits
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