The US subsidiary of global crypto exchange Binance which is Binance US is preparing to relaunch its bid to acquire bankrupt crypto lender Voyager Digital.
A few days back, Voyager revealed it has reopened the bidding procedure for the company and is in active conversations with alternative bidders after FTX’s bankruptcy filing.
In September, FTX US was designated as the highest and the winning bidder with a $1.42 billion bid for Voyager Digital’s assets. Binance and FTX were the top bidders at that time, with FTX appearing as the winner.
The company’s chief communications officer Patrick Hillmann stated, that Binance is not looking to be the white knight of crypto and there are no Luke Skywalkers or Darth Vaders in the business emphasizing that they are the company, with the most to lose as its market leader, looking around to see where we can support bolster the industry through a black swan event.
Voyager had a balance of approximately $3 million at FTX at the time of FTX’s bankruptcy filing, mostly made up of locked LUNA2 and locked SRM that it was incapable of withdrawing since they are still locked and subject to granting schedules. The company also remarked that it did not transfer any assets to FTX US in relation to the deal. FTX US did present a $5 million good faith deposit as part of the auction process, which is now held in escrow.
Meanwhile, SBF’s crypto trading firm Alameda Research already refunded $200 million to Voyager in the form of 6,553 BTC i.e. nearly $128 million, and 51,204 ETH appx. $70 million.
NFTs or NFT trading. All the strategies are merely educational references.
Conduct thorough research before you start with NFTs