US-based cryptocurrency derivatives exchange FTX has won a tender to buy Voyager Digital’s assets, beating competitive bids from Binance and Wave Financial.
The fight to acquire the assets of bankrupt cryptocurrency lender Voyager Digital has unfolded between three participants: FTX.US, Binance and Wave Financial. At different stages of the competitive struggle, each of the auction participants pulled ahead, however, preliminary information about the winner of the auction became known to the media at the beginning of last week.
“Voyager received several proposals offering options for sale or reorganization, conducted an auction and, based on the results, determined that a deal with FTX to sell the company’s assets is the best alternative for interested parties,” the tender committee said in a statement.
FTX.US’s offer was over $1.4bn, with Voyager Digital’s total assets valued at $1.3bn Some experts suggest that Wave Financial, previously unannounced as a bidder, acted as a “grey horse” for raising rates. In the case of Binance, the course of trading could be affected by the restrictive decision of the US Committee on Foreign Investment (CFIUS) and increased requirements for the exchange to increase its collateral obligations.
The Bankruptcy Court draws the attention of Voyager Digital users that the results of the auction do not change the previously announced deadlines for filing claims for the return of crypto assets, which must be received no later than October 2.