Binance Plots Fresh Bid for Voyager
Dhawal Sharma
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Binance US is preparing to make another bid for the embattled crypto lender Voyager Digital.?Speaking to Bloomberg, Changpeng Zhao confirmed that his exchange is interested in a deal now FTX "is no longer able to follow through on that commitment."?
Voyager Digital slid into bankruptcy over the summer and halted withdrawals after suffering losses of $650 million on a loan to the doomed hedge fund Three Arrows Capital.?
A "highly competitive" auction was later held for its assets — and back in September, it was confirmed that FTX had the winning bid of $1.42 billion.?But the sudden collapse of FTX — which until recently had been positioning itself as a savior for stricken crypto firms — plunged this acquisition into doubt.