Binance’s U.S. unit relaunches Voyager bid

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Binance’s U.S. unit relaunches Voyager bid

A person familiar with the matter said on Thursday that Binance's U.S. unit is relaunching its bid to buy bankrupt lending platform Voyager Digital.

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

Voyager ended up with FTX this week and said it was in active discussions with several alternate bidders.

The lender filed for bankruptcy in July, months after the crash of majorcryptocurrencies, TerraUSD and Luna, which sent shockwaves through the digital asset industry and led to the collapse of Three Arrows Capital, which was exposed to Voyager.

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.

After the collapse of FTX, the market forcryptocurrencies is teetering as it seeks Chapter 11 bankruptcy protection in the United States.

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