Today we witness a battle between giant crypto exchanges namely FTX, Binance and CrossTower in wanting to acquire the assets of crypto lender Voyager Digital. In the afternoon there was a closing event of bidding among them.
Based on recent developments, the U.S. crypto exchange FTX ended up outbidding other industry players to win the assets of bankrupt crypto lender Voyager Digital. FTX initially faced a difficult situation following the entry of Binance which led the bid last week.
Well, Voyager Digital finally sold today, September 26, the deal was worth about $1.4 billion. This includes $1.3 billion worth of all cryptocurrencies at this point with Voyager Digital as well as $110 million in “additional consideration”.
With this, Voyager Digital customers can transfer their assets to the U.S. FTX platform. The troubled crypto lender said it will present the purchase agreement to the court next month on October 19.
News of this purchase prompted a small spike in Voyager Token (VGX), pushing the token price to $0.75 before falling back to around $0.7.
If the court approves the acquisition, FTX reportedly intends to get Voyager up and running as soon as possible.
