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.
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.
The purchase follows several earlier attempts by FTX to bail out or acquire Voyager. The New York-based platform had about 3.5 million users at the end of March, and 1.19 million funded accounts.
Voyager filed for bankruptcy protection in July after a failed attempt by Alameda Research -- a trading house affiliated with FTX -- to bail it out with a revolving line of...
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