Binance CEO Changpeng Zhao (CZ) announced in a new interview that his exchange will re-offer Voyager (VGX). Here are the details…
Will Binance invest in Voyager?
In an interview with Bloomberg, Changpeng Zhao talked about Binance’s plan to make another offer to Voyager. Changpeng Zhao disagrees, though he says US regulators are trying to push them not to bid. Zhao said that Bbinance has acquired many companies operating smoothly in the US. For this reason, she stated that there is no problem for the exchange to make an offer to Voyager.
Underlining that Binance is not a Chinese company, he stated that they do not have any connections with China. “Even though I have said this many times, people think so because of my appearance,” she added. He stated that he has been Canadian for 30 years. On the other hand, the CEO said that Binance US, the US arm of Binance, will make another offer to Voyager after the collapse of FTX.
As we reported as Kriptokoin.com, Voyager filed for bankruptcy in the summer of 2022, after the Terra collapse. Then FTX embarked on an effort to save Voyager. But now that FTX itself is in the process of bankruptcy, the circumstances for Voyager remained unclear.
Other statements from the CEO
Binance CEO Changpeng Zhao said that in response to the FTX collapse, they have allocated $1 billion in “recovery funds” over six months to help solve the liquidity crisis facing crypto exchanges. CZ claimed that his initial bid to buy FTX was stalled after looking at data the company said “many funds were lost.” These were all “double-digit bills”. Therefore, he stated that he cannot trust anything in his data.
When asked if Genesis is facing a liquidity crisis, CZ said, “There are different numbers that are changing and those numbers are changing every minute.” But even if Genesis collapses, “the industry will survive,” he said. He believes that small institutions will suffer if Genesis crashes. However, he believes that “the beauty of decentralization will bring the industry back on its feet”.
The exchange was the first company to publish proof of reserve
Binance CEO said the US arm will soon make another offer when acquiring Voyager. Binance was the first company to publish proof of reserve to ensure that investors do not panic and trust centralized exchanges.
“Many other exchanges try to copy us, but run into problems,” CZ said. He noted that publicly traded companies “do not directly list their assets, they hire a third party to do so.” He pointed out that for compatibility with the situation in the USA, the assets held are held in dollars, not cryptocurrencies. He explained that this also makes the process less transparent.
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