Voyager accepting new bids after FTX Exchange

InfoNesia.xyz – Voyager Digital has called off its deal with FTX, and is set to liquidate its assets after FTX exchange also filed for Chapter 11 Bankruptcy. Voyager also claims that over $3 million of its assets is currently locked up on the FTX exchange.

Voyager up for auction

Bankrupt Voyager Digital, a crypto brokerage service provider, has announced terminating its deal with FTX after the exchange filed for Chapter 11 Bankruptcy. After competing against competitor exchanges, Binance and Coinbase, as well as digital asset investment firm Wave Financial, FTX won the bid to acquire Voyager Digital’s digital asset portfolio. The now-bankrupt exchange agreed to pay $1.4 billion, winning the bidding war.

Voyager Tweeted:

“Voyagers, as a result of the Chapter 11 filing by FTX_Official and FTX US, we have reopened the bidding process and are in active discussions with alternative bidders.”

After the internet surfaced word of the firm’s severe liquidity crunch earlier in the week, FTX US, with its global mother organization, FTX worldwide, and quant trading outfit Alameda Research, filed for Chapter 11 bankruptcy protection in the United States on Friday (November 12, 2022). The companies listed are now admitting a significant shortfall in their accounting records ranging from 10 to 50 billion dollars.

It is clear that FTX’s plans to liquidate Voyager Digital will not pull through.

According to reliable sources, Voyager did not transfer any assets to FTX US even after FTX was announced as the winning bidder. A $5 million ‘good faith’ payment made by FTX US earlier as part of the auction procedure is currently being kept in escrow.

FTX sanctioned by Japan’s FSA

Following FTX’s chapter 11 bankruptcy, The Financial Services Agency (FSA) of Japan, the nation’s top financial authority, has ordered FTX Japan, FTX.com’s Japanese branch, to suspend daily operations in the jurisdiction. Additionally, the administration requested the crypto exchange to submit a business development plan on or before November 16.