FTX won an auction for Voyager’s assets in September with an offer valuing the company at US$1.4 billion, of which US$51 million was in cash. That arrangement fell through after FTX imploded in November.
Crypto exchange Binance.US will buy Voyager Digital’s assets out of bankruptcy in a deal worth US$1.022 billion ($1.39 billion), a discount to an earlier, failed sale struck with FTX.
Voyager selected Binance.US as the highest and best bidder after reviewing options, the company said in a statement Monday. The bid “sets a clear path forward for Voyager customer funds to be unlocked as soon as possible,” according to the statement, and the company will aim to return crypto to its customers in kind.
