The current bid from Binance is about $50m, slightly higher than the competing bid from FTX, according to the people. Voyager, founded in 2019, operated a crypto lending platform that took in customer deposits, paid them interest and lent out the assets to other parties. It went public via a reverse merger in 2019. At the time of its bankruptcy filing in July 2022, Voyager said it had total assets of $5b and total liabilities of $4.9b.
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Binance and FTX make top bids for bankrupt lender voyager
Voyager, which trades in Toronto and operates out of New York, declared bankruptcy in July after the selloff in cryptocurrencies sparked a wave of withdrawal requests that drained the company’s reserves. Its stock price in 2022 had fallen more than 95% at the time of the filing.
