Binance Leads FTX in Voyager Assets Bid [Reports]

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Binance Leads FTX in Voyager Assets Bid [Reports]:

Major cryptocurrency exchanges, Binance and FTX are allegedly leading the way to acquire assets of troubled crypto lender Voyager Digital, which filed for bankruptcy in July.

According to recent reports, Alameda had reportedly agreed to provide Voyager with a $200 million crypto loan.

According to the Wall Street Journal on Tuesday (September 20, 2022), anonymous sources revealed that Binance was leading the bid with around $50 million, a bit higher than FTX’s offer.

The Bidding Procedure

The bidding procedure which was earlier scheduled to hold in August, started this September 13, 2022, in New York.

Currently, none of the offer from either Binance and FTX has been accepted, while the results of the auction will be announced on September 29, 2022.

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