Cryptocurrency trade FTX US has secured the bid for the belongings of crypto brokerage agency Voyager Digital in a bid price round $1.4 billion, in line with Voyager.
Traveller said The providing consisted of the honest market worth of its crypto holdings "at a future date to be decided," which is estimated at roughly $1.3 billion, together with $111 million of what it describes as " incremental worth" however it wasn't. Present extra particulars.
Little data was given about what is going to occur to Voyager prospects who're nonetheless awaiting entry to their crypto holdings, with Voyager stating that further data on crypto entry "shall be shared because it turns into accessible."
Right this moment, after a aggressive public sale aimed toward returning most worth to prospects, @FTX_Official US was chosen as the best and greatest bidder. Press launch linked beneath. Extra data on what this settlement means for patrons follows.https://t.co/OmOd7pvSza
— Voyager (@investvoyager) September 27, 2022
Voyager solely talked about that FTX's US platform will "allow prospects to commerce and retailer cryptocurrencies after the corporate's Chapter 11 circumstances are closed."
Cointelegraph contacted FTX and Voyager Digital for additional remark, however didn't instantly obtain a response.
The sale of belongings is anticipated to be accomplished after a Chapter 11 plan and asset buy settlement have been submitted to the US Chapter Court docket for the Southern District of New York for approval on October 19.
Cointelegraph beforehand reported that crypto platforms Binance and CrossTower have additionally submitted bids to amass Voyager's belongings alongside FTX, with every proposing their very own phrases.
A supply claimed Voyager prospects would get their fair proportion of crypto belongings and transfer to the FTX platform if their bid was profitable.
Associated: Sam Bankman-Fried denies the report that FTX plans to amass a stake in Huobi
Voyager entered a Chapter 11 chapter on July 5, typically known as a "reorganization" chapter. It permits an organization to retain management of its belongings and proceed operations whereas planning to reorganize or promote the enterprise.
The submitting involved over $1 billion in chapter after crypto hedge fund Three Arrows Capital (3AC) defaulted on a $650 million mortgage from the agency, Voyager says its claims in opposition to 3AC stay within the chapter property.
The corporate claims that its Chapter 11 submitting "was aimed toward returning most worth to prospects" and was additionally contemplating restructuring, however stated promoting it to FTX US was the "greatest different for Voyager shareholders."
