Voyager Digital to auction remainder of assets

Collapsed crypto lender Voyager Digital will auction the last of its assets on September 13 as it goes through the Chapter 11 bankruptcy process.

The auction will be held at Moelis & Company, Voyager’s investment banks’ offices in New York.

The deadline to submit bids ended on September 6 and the results of the auction will become final during a court hearing on September 29, according to the filing.

Although the identities of the bidders have not been revealed, cryptocurrency exchanges Binance and FTX are reported to have indicated an interest in acquiring the remaining assets.

However, the two exchanges aren't alone in their hopes of obtaining Voyager‘s assets. Around 22 investors are said to have gone through due diligence and have also shown an interest in bidding, according to a presentation from the insolvent crypto lender in August.

A tweet from the company confirmed that “multiple bids were submitted as part of the company’s restructuring process”.

If you are interested in crypto and want to use it recreationally we recommend doing so at 1xBit, Bitcasino.io, or FortuneJack.

Looking for your next crypto casino? Check out: Bitcasino, 1xBit or FortuneJack.

Written by Isabella Aslam

Reporter

Isabella is an experienced writer in B2B and B2B journalism. Alongside crypto, Isabella writes about relationships and psychology. Isabella holds a first-class degree in music journalism and likes to interview electronic artists and DJs.

Similar News

The Ledger: Kraken slashes workforce, Brazil passes crypto bill

02/12/2022|15:30

The week was an interesting one for the cryptocurrency industry with many fresh developments, both good and bad. Cryptocurrency exchange...