FTX.US Wins $1.4 Billion Bid to Buy Voyager Digital Assets

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The American division of the cryptocurrency derivatives exchange FTX won the tender to buy the assets of Voyager Digital, beating competing offers from Binance and Wave Financial.

The struggle to acquire assetsbankruptcy of crypto lender Voyager Digital has unfolded between three participants: FTX.US, Binance and Wave Financial. At different stages of the competition, each of the auction participants pulled ahead, but preliminary information about the auction winner became known to the media at the beginning of last week.

"Voyager received several offers,offering options for sale or reorganization, conducted an auction and, based on its results, determined that a transaction with FTX to sell the company's assets was the best alternative for interested parties,” the competition committee said in a statement.

The FTX.US offer was over $1.4 billion, with the total value of Voyager Digital’s assets being $1.3 billion. Some experts suggest that Wave Financial, previously unannounced as a bidder, acted as a “gray horse” to raise rates. In the case of Binance, trading could have been affected by a restrictive decision by the Committee on Foreign Investment in the United States (CFIUS) and increased requirements for the exchange to increase its collateral obligations.

Bankruptcy Court Pays AttentionVoyager Digital users that the auction results do not change the previously stated deadlines for filing claims for the return of crypto assets, which must be received no later than October 2.