Voyager Restarts Bidding Process After FTX’s Bankruptcy

Crypto loan firm Voyager has restarted the bidding process after FTX, which it agreed to sell its assets, went bankrupt.
 Voyager Restarts Bidding Process After FTX’s Bankruptcy
READING NOW Voyager Restarts Bidding Process After FTX’s Bankruptcy

Crypto loan firm Voyager has restarted the bidding process after FTX, which it agreed to sell its assets, went bankrupt.

The company used the following statements in its statement:

“The company is considering strategic options as a result of its Chapter 11 bankruptcy filing by FTX Group. The terms of the agreement between Voyager and FTX US are no longer binding.”

Voyager Searches for New Buyer

Although the company stated that it was in talks with various companies, it declined to give a name or time.

Additionally, Voyager stated that it has successfully withdrawn 6,500 BTC and 50,000 ETH loans from Alameda Reseach.

FTX was on its way to buying the assets of the crypto lending company. The company, which went bankrupt in July, forced creditors to approve the sale.

With the bankruptcy of FTX, the deal was also canceled.

“It is important to note that Voyager has not transferred any assets to FTX US in connection with the previously proposed transaction. FTX US has previously offered a goodwill deposit of $5 million as part of the auction process.”

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