FTX exchange to acquire assets of bankrupt Voyager | Crypto

FTX exchange to acquire assets of bankrupt Voyager

– Voyager Digital said on Monday crypto exchange FTX, whose bailout proposal the bankrupt lender had rejected earlier this year, has won its assets in a $1.42-billion bid at an auction.

– The FTX bid comprises a fair market value of all Voyager cryptocurrency, at a to-be-determined date, which is pegged at about $1.31 billion at current market prices and an additional $111 million in incremental value, Voyager said in a statement.

– The company added that its claims against hedge fund Three Arrows Capital will remain with the bankruptcy estate, which will distribute any available recovery on such claims to the estate’s creditors.

J6QXSDOS6ZPK5PE7BMFYWRR434 FTX exchange to acquire assets of bankrupt Voyager

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