- Crypto broker who has been in big trouble lately Voyager Digital (VGX) The local cryptocurrency has been bullish as rumors of a potential takeover continue to circulate in the community.
According to a recent presentation by the company, crypto billionaire Sam Bankman-Fried’s digital asset hedge fund AlamedaFTX Numerous companies have expressed interest in acquiring Voyager’s assets.
A potential acquisition VGX tokenIt caused the coin to skyrocket from a 24-hour low of $0.328 to $0.743, and the cryptocurrency gained a staggering 126.52% in just one day. The token has since pulled back and is trading at $0.60 at the time of writing.
Voyager says 22 of 88 companies interested in purchasing potentially distressed assets are active in the shopping process. The company plans to hold the sales session on September 7.
Last week, Binance CEO and founder Changpang Zhao He explained to The New York Times that both Voyager and the troubled crypto lending platform Celsius have reached out to the crypto exchange in hopes of discussing selling their assets to the platform. Zhao said in an interview on the subject:
“Our team participates in all discussions on these issues.”
Last month, crypto exchange FTX, a company also led by Bankman-Fried, made an offer to buy Voyager’s assets, but the crypto broker said the Seychelles-based firm’s proposal was “highly misleading” and “lowball bid (A lowball bid refers to an offer that is much lower than the seller’s asking price or is deliberately too low to initiate negotiations)” he reproached.
In his presentation, Voyager also stated that he received much better offers than those offered by AlamedaFTX.
“Voyager received higher and better offers during the shopping process than AlamedaFTX’s offer; AlamedaFTX’s tweets, Fox interview, and press releases are not true.”
Voyager announced in early July that it had halted all trading, deposits and withdrawals for the first time, after digital assets hedge fund Three Arrows Capital (3AC) failed to repay a loan of hundreds of millions of dollars. The company filed for bankruptcy a few weeks later.
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.