Exchange giant FTX is in the lead to buy the assets of Voyager Digital, the cryptocurrency lender whose bankruptcy filing deepened this year’s industry crisis, but higher offers could still come in in the days ahead, according to a person familiar with the matter.
An auction was held this week through bankruptcy court for Voyager’s assets. At the final stage it was a battle between billionaire Sam Bankman-Fried’s FTX exchange and Wave Financial, a digital-asset investment firm, according to the person.
CoinDesk reported on Aug. 25 that FTX and Binance were in the hunt to acquire Voyager. FTX had made an offer for Voyager that was rejected in July as a “low-ball bid.” The presence of Wave among bidders hadn’t previously been revealed. Earlier this week, CoinDesk reported that FTX is raising capital in parallel with a potential acquisition.
A deal for Voyager could bring a relatively tidy end to one of the most harrowing tales from a terrible year for crypto.
After crypto prices sank,...
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