INX Submits Bid for Voyager Digital Assets

FTX US won a $1.4 billion bid to buy the assets of Voyager in September, but with Voyager filing for bankruptcy the company, the funds again rose to earn.

The INX trading platform has submitted an offer for an undisclosed amount to buy the assets of the crypto brokerage company Voyager Digital.

In a Nov. 30 announcement, INX said it had sent a non-binding letter of intent for Voyager's assets following the platform's July filing for bankruptcy. According to INX CEO Shy Datika, the offering was intended to provide "credibility, technology and unique regulatory positioning" to Voyager users seeking stability in a volatile market.

Voyager's initial bankruptcy filing in the Southern District of New York court suggested the company could owe between $1 billion and $10 billion to more than 100,000 creditors amid a bear market and exposure to Three Arrows Capital. In September, FTX US won a $1.4 billion bid to buy Voyager's assets, but with FTX Group itself filing for bankruptcy in November, the funds were up for grabs again.

Related: Voyager Digital will not sue its executives for incompetence, seek insurance against them

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