Paul Vigna / Wall Street Journal:
Sources: Binance has made a leading bid of about $50M for the assets of bankrupt crypto-lender Voyager Digital, slightly higher than FTX’s competing bid — The exchanges both made bids near $50 million. Voyager’s market cap was $3.9 billion in 2021 — 1x
Bloomberg:
Sources: FTX won the auction for the assets of bankrupt crypto brokerage Voyager Digital with a bid of ~$50M, a price that could climb if certain milestones met — FTX, the digital-asset exchange controlled by billionaire Sam Bankman-Fried, has won the auction for the assets …
Rohan Goswami / CNBC:
Court records: FTX’s winning bid for Voyager Digital includes a $51M cash payment, and $60M in earnouts and incentives for Voyager users that onboard with FTX — – FTX’s winning bid for bankrupt crypto firm Voyager Digital includes a $51 million cash payment, with an additional $60 million in earnouts and incentives.
Ryan Weeks / The Block:
Court filing: Alameda Research plans to repay ~$128M in bitcoin and ~$70M in ether to bankrupt crypto lender Voyager and will reclaim ~$160M in collateral — – Crypto trading firm Alameda Research will repay two large loans demoninated in bitcoin and ether. — Once repaid, Alameda will reclaim some $160 million in collateral.
Bloomberg:
Binance CEO Changpeng Zhao says the exchange aims for a ~$1B fund to buy distressed assets and plans to make another bid for bankrupt lender Voyager Digital — Binance Holdings Ltd. is aiming for a roughly $1 billion fund for the potential purchase of distressed assets in the digital-asset sector …
Adam Morgan McCarthy / The Block:
Mike Novogratz’s Galaxy Digital agrees to buy high-security custodian GK8 from bankrupt crypto lender Celsius; Celsius acquired GK8 for $115M in late 2021 — – Mike Novogratz’s Galaxy Digital agreed to buy GK8 from Celsius. — GK8 was originally acquired by Celsius for $115 million in late 2021.
Vicky Ge Huang / Wall Street Journal:
Celsius co-founder and CEO Alex Mashinsky resigns from the bankrupt cryptocurrency lender, writing his “role as CEO has become an increasing distraction” — The crypto lender filed for bankruptcy in July — Alex Mashinsky—chief executive and cofounder of bankrupt cryptocurrency …
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