Binance’s U.S. unit relaunches bid to buy bankrupt Voyager Digital

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Binance’s U.S. unit relaunches bid to buy bankrupt Voyager Digital

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

After signing a deal in September, FTX, which was set to acquire Voyager's assets, filed for bankruptcy after a crunch in September.

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

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

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 is seeking 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.