Voyager Digital to auction remainder of assets

Collapsed crypto lender Voyager Digital will auction the last of its assets on September 13 as it goes through the Chapter 11 bankruptcy process.

The auction will be held at Moelis & Company, Voyager’s investment banks’ offices in New York.

The deadline to submit bids ended on September 6 and the results of the auction will become final during a court hearing on September 29, according to the filing.

Although the identities of the bidders have not been revealed, cryptocurrency exchanges Binance and FTX are reported to have indicated an interest in acquiring the remaining assets.

However, the two exchanges aren’t alone in their hopes of obtaining Voyager‘s assets. Around 22 investors are said to have gone through due diligence and have also shown an interest in bidding, according to a presentation from the insolvent crypto lender in August.

A tweet from the company confirmed that “multiple bids were submitted as part of the company’s restructuring process”.

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Updated: 09/08/2022 — 12:00