Originally, the now-defunct crypto exchange FTX planned to buy Voyager Digital’s assets.
(Photo: REUTERS)
Dusseldorf Trading platform Binance is planning to buy the assets of insolvent crypto bank Voyager Digital for $1.022 billion. In the process of reviewing its options, Voyager has selected Binance as its highest and best bidder, the company said on Monday. The offer sets out a “clear path forward for Voyager customer funds to be released as quickly as possible,” it said.
Voyager wants to try to tokenize crypto back to its customers. The Binance deal values Voyager’s crypto portfolio at just over $1 billion. The transaction is subject to court approval, with a hearing on the issue scheduled for January 5.
Voyager had to file for bankruptcy protection in July. Crypto exchange FTX had wanted to buy assets from the project, but was forced to file for bankruptcy in November.
More: Setback for crypto: Binance auditor Mazars stops work
Top jobs of the day
Find the best jobs now and
be notified by email.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue