Bloomberg Law
Aug. 4, 2022, 8:47 PM

Crypto Lender Voyager Receives Multiple Bids Above FTX Offer (1)

Jeremy Hill
Jeremy Hill
Bloomberg News

Voyager Digital Ltd. has already received multiple bids for its assets in excess of an earlier offer from FTX and Alameda, an attorney for the bankrupt crypto lender said in court Thursday.

Crypto billionaire Sam Bankman-Fried last month offered to buy Voyager’s crypto in cash at market value and offer customers an option to receive their share of claims by opening a new account at FTX. Voyager rejected the offer, calling it a low-ball liquidation bid.

Of the offers received by Voyager so far, FTX’s is “actually the lowest,” Joshua Sussberg of Kirkland & Ellis said on behalf of the ...