Crypto Exchange FTX to Acquire Bankrupt Voyager’s Assets

Crypto Exchange FTX to Acquire Bankrupt Voyager’s Assets
Representations of cryptocurrencies and Voyager Digital logo in this illustration taken on July 7, 2022. Dado Ruvic/Illustrations/Reuters
Reuters
Updated:

Voyager Digital said on Monday crypto exchange FTX, whose bailout proposal the bankrupt lender had rejected earlier this year, has won its assets in a $1.42-billion bid at an auction.

The FTX bid comprises a fair market value of all Voyager cryptocurrency, at a to-be-determined date, which is pegged at about $1.31 billion at current market prices and an additional $111 million in incremental value, Voyager said in a statement.