The US subsidiary of global crypto exchange Binance, Binance US, is preparing to relaunch its bid to acquire bankrupt crypto lender Voyager Digital.
A few days back, Voyager announced it has reopened the bidding process for the company and is in active discussions with alternative bidders following FTX’s bankruptcy filing.
In September, FTX US was selected as the highest and the winning bidder with a $1.42 billion bid for Voyager Digital’s assets. Binance and FTX were the top bidders at that time, with FTX emerging as the winner.
Binance chief communications officer Patrick Hillmann stated, “Binance is not looking to be the ‘white knight’ of crypto. There are no Luke Skywalkers or Darth Vaders in business. This is a company, with the most to lose as its market leader, looking around to see where we can help bolster the industry through a black swan event.”
Voyager had a balance of about $3 million at FTX at the time of FTX’s bankruptcy filing, largely made up of locked LUNA2 and locked SRM that it was unable to withdraw since they are still locked and subject to vesting schedules.
Voyager noted that it did not transfer any assets to FTX US in connection with the deal. FTX US did submit a $5 million “good faith” deposit as part of the auction process, which is now held in escrow.
Meanwhile, SBF’s crypto trading firm Alameda Research already repaid $200 million to Voyager in the form of 6,553 BTC (roughly $128 million) and 51,204 ETH ($70 million).
