Share this article
Crypto Exchanges Binance and FTX Have Both Bid Roughly $50M for Voyager’s Assets: Report
Binance’s current bid is slightly higher than FTX’s, according to sources who spoke to the Wall Street Journal.
By Nelson Wang
Updated May 11, 2023, 6:49 p.m. Published Sep 20, 2022, 9:34 p.m.
Make us preferred on Google
Binance and FTX have made the top bids of roughly $50 million for the assets of insolvent crypto lender Voyager Digital, according to people familiar with the matter who spoke to the Wall Street Journal. Neither offer has been accepted yet, according to the report.
Binance’s current bid is slightly higher than FTX’s, according to the people.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
CoinDesk previously reported that FTX and Binance were in the hunt to acquire Voyager's assets in the bankruptcy auction, which was held last week in New York. Final results of the auction are expected to be announced on Sept. 29, although an announcement could come earlier.
Neither Binance nor FTX responded immediately when asked to comment for this report.
Read more: FTX Is in the Lead to Buy Crypto Lender Voyager Digital’s Assets Out of Bankruptcy: Source
UPDATE (Sept. 20, 21:55 UTC): Added that Binance and FTX had not immediately responded.
More For You
Tether invests in LayerZero Labs as it doubles down on cross-chain tech, agentic finance
LayerZero’s Omnichain infrastructure (OFT) enables liquid stablecoin use across networks and “agentic finance” use cases.
What to know:
- Tether Investments backed LayerZero Labs to support LayerZero’s cross-chain protocol powering USDt0.
- LayerZero’s Omnichain infrastructure (OFT) enables liquid stablecoin use across networks and “agentic finance” use cases.
- Financial terms weren’t disclosed. LayerZero’s ZRO briefly rose while the broader crypto market stalled, but has since entered a downtrend as a selloff reignited.
Top Stories
