Binance to relaunch bid to buy bankrupt Voyager Digital: report

Binance's U.S. unit is relaunching its bid to buy bankrupt crypto lender Voyager Digital, Coindesk reported. The report comes after Voyager called off FTX's bid to acquire the company following its collapse.

Reuters
FILE PHOTO: Representations of cryptocurrencies are seen in front of displayed Binance logo in this illustration taken November 10, 2022. REUTERS/Dado Ruvic/Illustration
Crypto exchange Binance's U.S. unit is relaunching its bid to buy bankrupt crypto lender Voyager Digital, Coindesk reported on Thursday, citing a person familiar with the matter.

The report comes after Voyager called off FTX's bid to acquire the company following its collapse.

Binance did not immediately respond to Reuters request for comment. Voyager declined to comment.


In September, the Wall Street Journal had reported that Binance and FTX came up with the leading bids to buy Voyager's assets. FTX had won Voyager's assets in a $1.42-billion bid at an auction thereafter.

However, Voyager said in a tweet on Wednesday that the company's proposed sale would not move forward and that it is in active discussions with several alternate bidders after FTX filed for Chapter 11 bankruptcy protection last week.

The collapse of FTX, which reverberated across the crypto world, sending bitcoin and other digital assets plummeting, impacted nearly one million customers and several investors as they faced billions of dollars in losses.
ADVERTISEMENT
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › Tech › Tech & Internet › Binance to relaunch bid to buy bankrupt Voyager Digital: report
Text Size:AAA
Success
This article has been saved

*

+