Binance Wants to Buy Voyager! VGX Up 60%!

Allegedly, the world’s largest cryptocurrency the American arm of the stock market Binance.USbankrupt loan platform Voyager Digital preparing to bid.

After the news spread, the Voyager Token (VGX) surged 60 percent.

Cryptocurrency Exchange Binance Prepares to Bid for Bankrupt Lender Voyager

In the previous auction, which was completed at the end of last September, the now bankrupt FTXcompetitors WaveFinancial and Binance was victorious over him.

At that time, it was reported that Binance’s bid for US-based Voyager was rejected due to national security concerns.

After FTX announced last week that it would file for bankruptcy, Voyager said it has reopened the bidding process for the company and is in active talks with alternative bidders.

Wave Financial and trading platform Cross Tower will also reportedly bid.

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 filing of breach of contract claims against FTX.

Earlier this week, Binance CEO Changpeng “CZ” Zhao said that his exchange has set up an industry recovery fund to help rebuild the industry.

“Binance doesn’t want to be the ‘white knight’ of crypto,” Patrick Hillmann, director of communications at Binance, said in an interview.

“There are no Luke Skywalkers or Darth Vaders in business. We are a company that has the most to lose as a market leader and is looking around to see where we can help support the industry with a black swan event,” he added.

*Not investment advice.