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FTX Makes Bid for Bankrupt Voyager With Eye on Customers (1)

July 22, 2022, 9:28 PM

Crypto billionaire Sam Bankman-Fried is proposing a restructuring deal to Voyager Digital LLC with the goal of attracting customers from the bankrupt digital-asset platform.

Under a two-way proposal announced Friday, Alameda, Bankman-Fried’s trading firm, would buy all Voyager digital assets and digital asset loans, other than loans to Three Arrows Capital, in cash at market value. Meanwhile, FTX, his crypto exchange, will offer customers of Voyager an option to receive their share of claims by opening a new account at FTX.

The offer is currently non-binding and has not been accepted by Voyager. A spokesperson for Voyager declined to comment. ...