Voyager digital asset auction set for September 13 after being postponed from August

The centralized crypto lender rejected an offer from FTX after it filed for Chapter 11 bankruptcy reorganization in July following of 3AC's default and debts exceeding $1 billion.

Bankrupt centralized crypto lender Voyager Digital on Tuesday filed a notice with the United States Bankruptcy Court for the Southern District of New York advising the court of its intention to hold an auction of its remaining assets. The auction is scheduled to take place September 13 at the Manhattan office of Digital Voyager investment banker Moelis & Company, with a hearing to approve the results on September 29. Bids for the lender's assets have already been submitted.

Travellers, we would like to inform you that several offers have been submitted as part of the company's restructuring process. As a result, an auction is scheduled for September 13. (1/3)

The auction was originally scheduled for August 29. For an auction to occur, multiple parties must express interest in acquiring Voyager Digital's assets. On July 22, FTX made an offer to purchase all Voyager Digital assets and digital asset loans, except loans to Three Arrows Capital (3AC). This offer was called "lowball" by the lender and rejected within days.

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