Crypto lender Voyager reopens bidding process following FTX bankruptcy

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Crypto lender Voyager reopens bidding process following FTX bankruptcy

2022/11/12 01:24

According to The Block, crypto lender Voyager said that it has reopened the bidding process for its assets after the bankruptcy of crypto exchange FTX, which had been expected to buy them. The firm said in a statement: "The company is evaluating strategic options as a result of the Chapter 11 filing by FTX Group. The no-shop provisions of the Asset Purchase Agreement between Voyager and FTX US are no longer binding." Voyager disclosed "active discussions with alternative bidders" but did not provide names or a timeline for completion.