Crypto Broker Voyager Digital To Auction Off Assets | Crypto

Crypto Broker Voyager Digital To Auction Off Assets

-Troubled crypto broker Voyager Digital is announcing that it will auction the remainder of its assets on September 13th.
-The auction is part of the restructuring plan for Voyager as the company undergoes bankruptcy processes.
-Court documents show that bidding will take place at the New York office of Voyagers investment banker, Moelis & Company.
-A presentation shown during the companys bankruptcy proceeding on August 4th claims that several companies including crypto billionaire Sam Bankman-Frieds crypto hedge fund AlamedaFTX already expressed interest in buying Voyagers assets.
-The company says it will share more details about the winning bidder once the auction is complete. The court hearing that will approve the results of the auction is set on September 29th.
-Despite its insolvency, Voyager considers paying nearly $2 million in employee bonuses as part of the proposed Key Employee Retention Plan (KERP). Lawyers of a group of unsecured creditors opposed and questioned the sound judgment behind the proposal.

embattled voyager sets date Crypto Broker Voyager Digital To Auction Off Assets

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