Binance CEO Confirms ‘CZ’ Loan Platform Will Bid For Voyager!

Last week, Binance.US‘s bankrupt loan platform Voyager It was announced that he would prepare a proposal for

Binance CEO Changpeng Zhao “CZ”confirmed that the US wing of the exchange will make a new bid for crypto lender Voyager as the defunct FTX failed to process the purchase.

Binance.US To Offer For Crypto Lender Loan Company Voyager, CZ Confirms

The sale to FTX was valued at approximately $1.4 billion, of which $51 million was in cash. As part of the sale, the company would migrate customers to its platform.

Thomas Braziel, managing partner at investment firm 507 Capital, said things were complicated by Voyager’s alleged breach of contract against FTX.

It was reported last week that Binance.US will prepare a bid for the bankrupt lending platform, which Zhao confirmed in an interview with Bloomberg on Thursday.

After Voyager’s bankruptcy, FTX emerged as the most advantageous company to buy Voyager, with Binance’s offer said to have been withdrawn over concerns that it would pose a national security concern for the US government.

“Binance.US will make another offer for Voyager given that FTX can no longer meet that commitment,” he said.

“I think there are rumors that US national security concerns are being spread by FTX to try to push us out of the bid,” Zhao said. “There was never any concern about our participation in the tender,” he added.

Although Binance grew up in Canada, it has faced allegations that it is a Chinese company due to the country where Zhao was born. “I am a Canadian citizen, period,” ‘CZ’ wrote in a blog post in September.

*Not investment advice.

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