FTX US wins approximately $1.4 billion of Voyager Digital assets

FTX US has won an auction for Voyager Digital’s assets at an estimated bid of $1.4 billion, according to Voyager.

Voyager saidThe bid comprises the fair market value of crypto holdings “at a future date” estimated to be around $1.3 billion, along with $111 million from cryptocurrencies. “Increasing value,” but did not provide any further details.

But on what will happen to Voyager customers, there is still little information. Customers are awaiting access to their crypto, with Voyager adding only that this data will be shared when it’s ready.

Voyager only said that the FTX US platform “will allow clients to buy, sell and store cryptocurrencies following the conclusion of the company’s Chapter 11 case.”

The asset sale is scheduled to be completed after the case is concluded. An asset purchase agreement was filed for approval by the U.S. Bankruptcy Court for the Southern District of New York on Oct. 19.

The sources claim that Voyager’s clients will receive a prorated share of the crypto assets and switch to the FTX platform if the auction is successful.

refer : LINK

The post FTX US wins an auction of approximately $1.4 billion of Voyager Digital assets appeared first on Bitcoin Addict.


source site