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FTX leads in Voyager buyout auction

by Chief editor

An auction for Voyager assets was held this week
Several dozen companies took part, including Binance and FTX
It was the Bankman-Frieda exchange that led the bidding
The outcome of the auction will be announced by the court on September 29
A liquidation auction for the assets of bankrupt cryptocurrency lender Voyager took place on Tuesday, 13 September. The results of the auction will be approved by a court on September 29. But according to CoinDesk’s source, a leader is already emerging among the bidders – the FTX exchange.

There were different variants of firms, which could buyout voyager. FTX, and Binance are among them. Meanwhile, Bankman-Frieda had already offered the platform a buyout, but the deal was rejected.

SBF said at the time that the agreement could have been “money thrown away”, but apparently it was only “for a tick.” FTX has not only kept the offer, but is on course to win the bidding.

According to a source, there were two bidders left in the final round – the exchange and investment firm Wave Financial. FTX’s bid was higher, although the exact amount is still unknown.

A Wave Financial spokesperson declined to comment on the situation. This already suggests that the company could have participated in the auction. The stock exchange is so far ignoring the media statements.

The winner will be known on September 29. Although Voyager is sabotaging the FTX deal, the court is likely to be guided by practical considerations in reaching a verdict.

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