Binance and FTX Bid For Voyager Digital Assets - Coinleaks
Current Date:May 20, 2024

Binance and FTX Bid For Voyager Digital Assets

Binance and FTX have bid to buy the assets of Voyager Digital, which has declared bankruptcy.

According to the Wall Street Journal’s sources, Binance’s bid is slightly higher than FTX’s bid.

Offer from Binance and FTX

According to anonymous sources, Binance and FTX have made the highest bids of around $50 million to buy the assets of bankrupt crypto lender Voyager Digital. According to the report, none of these proposals has yet been accepted.

Again, according to the same sources, Binance’s offer is higher than FTX’s offer.

FTX and Binance made it clear that they intend to buy the assets of Voyager Digital at the bankruptcy auction held in New York last week.

The auction is expected to conclude on September 29, but an earlier announcement may come.

The U.S. Government Could Obstruct

It was alleged that Binance’s attempt to buy Voyager Digital’s assets could be blocked by US authorities. The fact that the company is based in China and Changpeng Zhao is also Chinese is shown as the biggest reason for this.

The Foreign Investment Committee in the United States (CFIUS) is reviewing the acquisition of companies operating in the United States by a foreign-based company.

A Binance spokesperson claims that this is xenophobia.