FTX won the Voyager Digital sale auction
The FTX US Cryptocurrency Exchange has won the auction for the sale of assets of the bankrupt lender Voyager Digital, offering about $ 1.4 billion.
According to representatives of the broker, the proposal reflects the fair market value of cryptocurrencies stored on the platform for more than $ 1.3 billion. The final price is adjusted taking into account the quotations at the date of direct conclusion of the transaction. The application also includes an additional reward of about $ 111 million.
The official committee of unsecured creditors actively supported the proposal of FTX US.
“The FTX US Application accelerates the restructuring of the company, providing debtors with the opportunity to reimburse funds to customers and creditors,” the statement said.
Voyager claims to the bankrupt fund Three Arrows Capital (3AC) remain in the competitive mass. Any funds reimbursed from the 3ac loan in the amount of $ 650 million will be distributed between creditors.
Sale is completed by an almost two -week auction in which FTX and BINANCE were the leader. Voyager concluded that “FTX is the best alternative for the company’s shareholders,” the statement said.
Conditions of compensation for funds have not yet been made public. Additional information about Voyager customer access time to cryptocurrency will be provided as it appears.
The transaction will be approved by the court, taking into account the voting of creditors. Hearing is scheduled for October 19.
Recall, on July 5, Voyager Digital filed a bankruptcy statement. The company indicated the total obligations in the range from $ 1 billion to $ 10 billion.
Broker is one of the lenders of the hedge fund 3AC. The latter could not pay off the debt of 15,250 BTC and 350 million USDC, so in June Voyager Digital sent him a notification of default.
CEO FTX Alameda Research Sam Bankman-Fried was the second largest Voyager borrower after 3ac for $ 377 million.
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