Originally, now-defunct cryptocurrency exchange FTX planned to buy Voyager Digital’s assets.
(Photo: Reuters)
Dusseldorf Binance exchange plans to buy assets of insolvent crypto bank Voyager Digital for $1.022 billion. On Monday, the company said that while reviewing its options, it had chosen Voyager Binance as its highest and best bidder. She added that the offer outlines “a clear path forward to unlock Voyager customer funds as quickly as possible.”
Voyager wants to try to bring cryptocurrency back to its customers. The Binance deal values Voyager’s crypto portfolio at just over $1 billion. The deal is subject to court approval, with a hearing on the case scheduled for January 5.
Voyager was to file for bankruptcy protection in July. Cryptocurrency exchange FTX had wanted to buy assets from the project, but was forced to file for bankruptcy in November.
more: Crypto Setback: Binance Mazars Validator Has Stopped Working
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Sylvia Plath writes for Social Post News, covering news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on clear, reliable reporting and useful information, helping readers stay informed about current events, emerging trends, and stories that matter.
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