Binance US, the US arm of Binance company, is preparing to submit a new bid for the bankrupt Voyager Digital.
Bankruptcies and collapses in the cryptocurrency market led to the decline of the industry. Many companies, including mining companies, have filed for Chapter 11 bankruptcy. One of these companies, Voyager Digital, filed for bankruptcy in the past months. FTX, the world’s second largest cryptocurrency exchange, has been authorized to buy Voyager with a $1 billion offer. However, the collapse of FTX prompted Voyager to search for new buyers. Binance US is preparing to make a new offer by taking advantage of this loophole.
Binance to Bid on Voyager with US Arm
After FTX collapsed and filed for bankruptcy, Voyager announced that it has restarted the bidding process for the company and is in talks with alternative bidders.
According to the news made by CoinDesk, Binance is preparing to be included as long as the Voyager company launches. The US arm, known as Binance US, will incorporate the strong project.
Additionally, Voyager is preparing to sue FTX for breach of contract.
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