crypto lenders Voyager Digital VYGVQ filed a complaint on Tuesday with the US Bankruptcy Court notifying the court of its intention to liquidate its remaining assets by auction.
The auction, originally scheduled for August 29, is now set for September 13 at the offices of Voyager’s investment banker Moelis & Company. The announcement of the winner is scheduled for September 29th.
Voyagers, we would like to inform you that several offers have been submitted as part of the company’s restructuring process. Therefore, an auction is planned for September 13th. (1/3)
— Voyager (@investvoyager) September 7, 2022
Sam Bankman Frieds FTX submitted an offer to purchase all of Voyager’s digital assets and loans on July 22. loan to Capital with three arrows (3AC) were excluded from the tender. Shortly thereafter, Fried’s offer was rejected. binance was also reportedly interested in acquiring the stressed assets.
88 potentially interested parties contacted the company, of which 46 signed non-disclosure agreements and 22 were involved in a marketing process, according to a Submission of Voyager on August 4th.
Days after the release of a warning and consideration of legal action against 3AC, which Voyager owed $350 million USD coin USDC/USD and 15,250 Bitcoin BTC/USDVoyager declared bankruptcy.
On July 1st, Voyager stopped accepting trades, deposits, withdrawals, and loyalty rewards. According to the company, customers holding cryptocurrencies in their accounts would receive “a combination of the crypto in their account(s), proceeds from the 3AC recovery, common stock of the reorganized company and Voyager tokens.”
Once the winning bidder has been announced, users will be provided with further details on the claim process.
Disclosure: Benzinga CEO Jason Raznick is a member of…
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