FTX, Binance and CrossTower compete to buy Voyager Digital assets: Source
FTX and Binance are reportedly looking to transition existing Voyager customers to their platforms, while CrossTower has offered to keep the platform and existing Voyager app.
New
Cryptocurrency exchanges FTX, Binance and CrossTower are competing to acquire the assets of embattled crypto lender Voyager Digital out of bankruptcy, according to inside sources.
According to details released by former investment banker and angel investor Simon Dixon, the three exchanges are competing in an auction to acquire Voyager Digital, and have each offered their own terms and conditions for the acquisition . The details, which were also posted on Reddit, suggest that FTX and Binance each offered around $50 million in cash for Voyager's assets, although Binance's dollar amount is higher. The cash amount would be used to cover "deficits and other claims", the source said.
IF THEY WANT YOU TO TAKE THE SHOT FOR FAIRNESS TO FILLING THE HOLE: https://t.co/ThslVDktYY - LATEST ON @investvoyager - 3 bidders compete in the Voyager digital auction with different approaches to platform, upside and cash consideration
— Simon Dixon (Beware of Copycats) (@SimonDixonTwitt) September 22, 2022Under these plans, current Voyager customers would receive their prorated share of crypto assets and fully transition to the FTX and Binance platforms.
On the other hand, CrossTower has offered to keep the existing Voyager platform and app, meaning existing customers don't need to switch to a new platform once the deal is finalized . Under this plan, clients would also receive their shares of assets on a pro rata basis. The achievement of CrossTower...
FTX and Binance are reportedly looking to transition existing Voyager customers to their platforms, while CrossTower has offered to keep the platform and existing Voyager app.
New
Cryptocurrency exchanges FTX, Binance and CrossTower are competing to acquire the assets of embattled crypto lender Voyager Digital out of bankruptcy, according to inside sources.
According to details released by former investment banker and angel investor Simon Dixon, the three exchanges are competing in an auction to acquire Voyager Digital, and have each offered their own terms and conditions for the acquisition . The details, which were also posted on Reddit, suggest that FTX and Binance each offered around $50 million in cash for Voyager's assets, although Binance's dollar amount is higher. The cash amount would be used to cover "deficits and other claims", the source said.
IF THEY WANT YOU TO TAKE THE SHOT FOR FAIRNESS TO FILLING THE HOLE: https://t.co/ThslVDktYY - LATEST ON @investvoyager - 3 bidders compete in the Voyager digital auction with different approaches to platform, upside and cash consideration
— Simon Dixon (Beware of Copycats) (@SimonDixonTwitt) September 22, 2022Under these plans, current Voyager customers would receive their prorated share of crypto assets and fully transition to the FTX and Binance platforms.
On the other hand, CrossTower has offered to keep the existing Voyager platform and app, meaning existing customers don't need to switch to a new platform once the deal is finalized . Under this plan, clients would also receive their shares of assets on a pro rata basis. The achievement of CrossTower...
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