Binance.US to bid for bankrupt crypto lender Voyager: CoinDesk
Binance.US — the American arm of the largest crypto exchange by volume, Binance — is preparing to bid for bankrupt lender Voyager Digital, CoinDesk reported Thursday, citing a person familiar with the plans. Binance had previously made a $50 million bid for Voyager but lost it to FTX.US. But since FTX Group filed for bankruptcy protection last week, Voyager began another round of bidding for its assets.
Voyager was founded in 2019 and went public that year via a reverse merger. It filed for bankruptcy protection in July due to its over $650 million exposure to the collapsed crypto hedge fund Three Arrows Capital. It remains to be seen who emerges as a new winning bidder for Voyager. The firm hadn't transferred any assets to FTX.US in connection with the previously proposed transaction. FTX.US had submitted Voyager a $5 million "good faith" deposit as part of the auction process, which is held in escrow.
Source
https://t.me/Cash_Blockchain_News
