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The agreement, unveiled late on Monday, ends a two-week sale process after Voyager filed for bankruptcy protection in July in the wake of the collapse in crypto market prices and marks a further expansion of billionaire Sam Bankman-Fried’s influence on crypto markets.
“FTX US’s bid maximises value and minimises the remaining duration of the company’s restructuring by providing a clear path forward for the debtors to consummate a Chapter 11 plan and return value to their customers and other creditors,” Voyager said in a statement.
https://www.ft.com/content/a00f4604-7a63-4d39-8a9c-6fe279f9322f
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