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Judge Pushes Voyager Digital to Consider Rival Offers to FTX Bid

Oct. 20, 2022, 4:35 PM

Bankrupt crypto lender Voyager Digital Ltd. agreed to consider higher offers than the $1.4 billion bid it accepted from FTX US, the digital-asset exchange founded by billionaire Sam Bankman-Fried, a decision that could increase payouts to customers who had their accounts frozen.

Under an arrangement approved by US Bankruptcy Judge Michael E. Wiles on Wednesday, the company can cancel its deal with FTX should it get a higher offer. The sale can’t close until Wiles approves Voyager’s bankruptcy payout plan, which the Manhattan-based judge may consider in December.

FTX won a two week-long auction for Voyager under a deal ...