Voyager Digital Received Several Offers Better Than FTX’s 

Crypto lending platform Voyager Digital has received several offers to buy it that are better than the one provided by FTX crypto exchange and its sister firm Alameda, Voyager’s lawyers said in court Thursday.

• Voyager Digital received multiple offers after Sam Bankman-Fried’s FTX offered last month to buy the company with cash and provide early liquidity for clients’ bankruptcy claims. Those customers can also create new accounts on FTX.

• Voyager last week rejected FTX’s offer, calling it a “low-ball bid” that would have benefited only FTX.

• FTX’s offer to buy Voyager was actually the lowest offer received so far, Voyager’s lawyer Joshua Sussberg said in court. He did not disclose details of the other bids..

• Sussberg also said the rival offers would allow customers to recover much over 30 cents on the dollar.

• Alameda had previously provided a loan to Voyager through a $200 million cash/USDC-backed credit facility and 10,055 bitcoins.

• During the second day of hearings, Voyager said it has so far contacted 88 potential stakeholders in its restructuring process, with 46 parties having signed confidentiality agreements and 22 parties actively participating in its sale process. The final bid deadline is Aug. 26, and a sales hearing will be held on September 7.

• Voyager also said in the presentation that its advisers are in “active discussions” with more than 20 potential stakeholders in the lender’s plan to emerge from Chapter 11 bankruptcy in the first quarter of next year.

• Earlier, Wall Street Journal also reported that the crypto lender had received approval from Judge Michael Wiles of the U.S. Bankruptcy Court in New York, which oversees bankruptcy proceedings, to return $270 million in cash to customers.

Read More:

Pi Network Coin Price Forecast 2022 – 2025: Is It a Ponzi Scheme?

Pi Cryptocurrency Review: Is Pi Network a Scam?

Pi Network Launch Date: When Will Pi Coins Enter The Market?

Ethereum Price Prediction 2022, 2025, 2030: Will ETH Reach $5,000 in 2022?

Terra LUNA 2.0 And LUNA Classic (LUNC): Get It All in One Guide