The crypto lender, Voyager Digital announced in July 2022 that it was temporarily suspending its operations, and immediately on July 6 the firm revealed that it will file for Chapter 11 bankruptcy. As per the filing, the company had assets that are worth between $1 billion and $10 billion along with more than 100,000 creditors. The company owed $75 million to FTX CEO Sam Bankman-Fried’s Almeda Research.
Recently, voyager digital 
Consumers’ first step in getting their money back from the brokerage’s forum would be to finalize the best buyer. In July, ftx exchange
Among many other firms who have come forward to buy Voyager’s assets, FTX, a popular crypto exchange, is leading the auction. During the final phase, the battle was between FTX exchange and Wave Financial, a digital asset investment firm. Though it’s unclear how much FTX might pay, among all the bidders FTX was the higher.
Wave’s participation wasn’t revealed earlier and it has also been reported that FTX is also planning to raise capital with a possible acquisition. If the Voyager deal is finalized it will put an end to the insolvency story seen in this horrifying year of 2022.
It’s important to know that this purchase deal will not end Voyager’s Chapter 11 case, but it will provide freedom to sell assets so that the companies that are about to get insolvent can raise money to pay to their creditors.
Bitcoin (BTC) demand by institutional investors has remained high amid rising fears of short-term crypto…
Solana, the Ethereum killer, is showing signs of a strong comeback. After weeks of choppy…
The wider cryptocurrency market, led by Bitcoin (BTC), has experienced rising short-term bearish sentiment amid…
After a nerve-wracking weekend packed with geopolitical tension and market dips, the crypto market is…
It’s been a rocky weekend for XRP holders as the token’s price took a sharp…
Story Highlights The live price of SHIB memecoin is SHIB token price could reach a…
