The acquisition offer from Alameda and FTX appears to upset Voyager’s lawyers and does not view the offer as a serious offer that would benefit users.
in the rejection lettersubmitcourt on sunday As part of the ongoing bankruptcy proceedings, Voyager’s attorneys Publicly condemned an offer made public by FTX, FTX US and Alameda on Friday to buy.Assets and outstanding loansAll Voyager loan defaults to Three Arrows Capital (3AC)
The letter stated that making such an offer public could jeopardize other possible agreements, adding that “AlamedaFTX violated a number of obligations to debtors and bankruptcy courts.”
Voyager’s representatives suggest that the plans they propose to reorganize the company are better. Because they say they will deliver all the customer’s cash and as much crypto as possible right away.
In the press release of FTX Bankman-Fried saythat his offer is a way for Voyager users to recover losses and continue from the platform and Bankman-Fried. also explains his company’s rationale for offeringacquisition Voyager in a Twitter thread last Sunday. It said Voyager customers should be able to claim their assets if they want. due to bankruptcy “It may take years.”
Voyager’s lawyers said the deal was essentially just a liquidation of Voyager’s assets “on a favorable basis for AlamedaFTX”.
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