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Crypto Exchange FTX US to Buy Bankrupt Firm Voyager’s Assets (1)

Sept. 27, 2022, 2:45 AM

FTX US, the digital-asset exchange founded by billionaire Sam Bankman-Fried, won the auction for the assets of bankrupt crypto brokerage Voyager Digital Ltd.

The agreement is valued at about $1.4 billion, comprising an “additional consideration” worth about $111 million and the $1.3 billion market value of all the cryptocurrency at the bankrupt platform, according to a statement from Voyager Digital on Monday in New York.

Watch: Sam Bankman-Fried talks about buying Voyager Digital’s assets.
Source: Bloomberg

Customers will be able to transfer to the FTX US platform after the conclusion of the bankruptcy process, Voyager said, adding the purchase agreement will be presented for approval in court on Oct. 19. ...