FTX US Wins Auction for Voyager Digital Assets

Voyager suggests its customers will eventually switch to the FTX platform after completing Chapter 11 bankruptcy proceedings. New

Cryptocurrency exchange FTX US has secured the winning bid for the assets of crypto brokerage firm Voyager Digital, which will be approved by the US bankruptcy court, with a bid valued at around $1 $.4 billion, according to Voyager.

Voyager said the offer consisted of the fair market value of his crypto holdings "as of a date to be determined in the future," estimated to be approximately $1.3 billion, as well as $111 million of what she says is "additional value". ", but did not provide further details.

Little information has been given on what will happen to Voyager customers who are still waiting to access their crypto holdings, with Voyager stating that additional information on crypto access "will be shared as it becomes available" .

Today, after a competitive auction aimed at returning maximum value to customers, @FTX_Official US was selected as the highest and highest bidder. Press release linked below. More information on what this agreement means for customers to follow.https://t.co/OmOd7pvSza

Voyager only mentioned that the FTX US platform “will allow customers to trade and store cryptocurrency after the company's Chapter 11 deals are concluded.”

Cointelegraph contacted FTX and Voyager Digital for further comment, but did not immediately respond.

The asset sale is expected to be finalized following a Chapter 11 plan, and an asset purchase agreement is being submitted for approval by the U.S. Bankruptcy Court for the Southern District of New York on October 19.

Cointelegraph reported earlier that crypto platforms Binance and CrossTower had also submitted bids alongside FTX for...