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Crypto Exchanges Binance and FTX Have Both Bid Roughly $50M for Voyager’s Assets: Report
Binance’s current bid is slightly higher than FTX’s, according to sources who spoke to the Wall Street Journal.
Binance and FTX have made the top bids of roughly $50 million for the assets of insolvent crypto lender Voyager Digital, according to people familiar with the matter who spoke to the Wall Street Journal. Neither offer has been accepted yet, according to the report.
Binance’s current bid is slightly higher than FTX’s, according to the people.
STORY CONTINUES BELOW
CoinDesk previously reported that FTX and Binance were in the hunt to acquire Voyager's assets in the bankruptcy auction, which was held last week in New York. Final results of the auction are expected to be announced on Sept. 29, although an announcement could come earlier.
Neither Binance nor FTX responded immediately when asked to comment for this report.
Read more: FTX Is in the Lead to Buy Crypto Lender Voyager Digital’s Assets Out of Bankruptcy: Source
UPDATE (Sept. 20, 21:55 UTC): Added that Binance and FTX had not immediately responded.
Nelson Wang
Nelson edits features and opinion stories and was previously CoinDesk’s U.S. News Editor for the East Coast. He has also been an editor at Unchained and DL News, and prior to working at CoinDesk, he was the technology stocks editor and consumer stocks editor at TheStreet. He has also held editing positions at Yahoo.com and Condé Nast Portfolio’s website, and was the content director for aMedia, an Asian American media company. Nelson grew up on Long Island, New York and went to Harvard College, earning a degree in Social Studies. He holds BTC, ETH and SOL above CoinDesk’s disclosure threshold of $1,000.
