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Binance’s U.S. unit relaunches Voyager bid

01.12.2022

Coindesk reported on Thursday that Binance's U.S. unit is relaunching its bid to buy bankrupt lending platform Voyager Digital.

The report came after FTX, a company that was set to acquire Voyager's assets after signing a deal in September, filed for bankruptcy due to a crunch.

Voyager ended the deal with FTX this week, saying it was in active discussions with several alternate bidders.

In July, the lender had filed for bankruptcy, months after the crash of major criptocurrency, TerraUSD and Luna, which sent shockwaves across the digital asset industry and caused the collapse of the hedge fund Three Arrows Capital, to which Voyager was exposed.

FTX scooped up Voyager's assets in a $1.42 billion bid at an auction in September. The Wall Street Journal previously reported that Binance was a major bidder at the auction.

Voyager didn't want to say anything.

The FTX, which seeks Chapter 11 bankruptcy protection in the United States, is in teetering after the collapse of the company.

On Wednesday, major crypto player Genesis said it had suspended customer redemptions in its lending business, while BlockFi is preparing to file for bankruptcy.