Stock Market News

Bankrupt Voyager rebuffs Sam Bankman-Fried’s “low-ball bid”

2022.07.25 18:25

Bankrupt Voyager rebuffs Sam Bankman-Fried's "low-ball bid"
Bankrupt Voyager rebuffs Sam Bankman-Fried’s “low-ball bid”

Bankrupt Voyager rebuffs Sam Bankman-Fried’s “low-ball bid” – Budrigannews.com

Bankrupt crypto lender Voyager Digital said a recent joint proposal from FTX and Alameda Ventures was a “low-ball bid dressed up as a white knight rescue” and alleged the plan would disrupt its bankruptcy process.

Under the partial bailout plan announced on Friday, crypto trading firm Alameda would purchase all of Voyager’s digital assets and digital asset loans, except the loans to bankrupt crypto hedge fund Three Arrows Capital.

Voyager’s customers could then receive some of those funds if they chose to open an account with crypto exchange FTX. Such customers could either withdraw the cash balance immediately or use it to make purchases on FTX’s platform.

Voyager, in a court filing dated July 24, said the proposal was “designed to generate publicity for itself rather than value for Voyager’s customers”.

“We submitted what we think is a generous proposal – we aren’t taking fees on this, just letting customers get their remaining assets back promptly,” Sam Bankman-Fried, the founder of FTX and Alameda, said in an emailed statement.

“It appears that Voyager’s consultants are attempting to stall out the process, increasing their fees,” Bankman-Fried added.

Voyager did not respond to a request seeking additional comment.

The company filed for Chapter 11 bankruptcy earlier this month. In June, it had signed an agreement with Alameda for a revolving line of credit.

 

 

Bankrupt Voyager rebuffs Sam Bankman-Fried’s “low-ball bid”

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 81,395.81 3.55%
ethereum
Ethereum (ETH) $ 1,877.46 3.57%
tether
Tether (USDT) $ 0.999997 0.01%
xrp
XRP (XRP) $ 2.23 5.57%
bnb
BNB (BNB) $ 631.66 0.37%
solana
Solana (SOL) $ 123.38 4.71%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 0.686726 5.49%
dogecoin
Dogecoin (DOGE) $ 0.16383 6.81%
tron
TRON (TRX) $ 0.227029 3.18%
staked-ether
Lido Staked Ether (STETH) $ 1,876.82 3.51%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 81,295.78 3.39%
the-open-network
Toncoin (TON) $ 3.60 3.24%
leo-token
LEO Token (LEO) $ 9.71 1.10%
chainlink
Chainlink (LINK) $ 13.49 3.81%
usds
USDS (USDS) $ 1.00 0.04%
stellar
Stellar (XLM) $ 0.267618 3.19%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,246.95 3.29%
pi-network
Pi Network (PI) $ 1.14 15.44%
hedera-hashgraph
Hedera (HBAR) $ 0.182774 5.54%
avalanche-2
Avalanche (AVAX) $ 18.40 2.56%
shiba-inu
Shiba Inu (SHIB) $ 0.000012 6.28%
sui
Sui (SUI) $ 2.24 4.77%
mantra-dao
MANTRA (OM) $ 6.93 0.75%
litecoin
Litecoin (LTC) $ 87.82 5.92%
bitcoin-cash
Bitcoin Cash (BCH) $ 331.30 3.01%
polkadot
Polkadot (DOT) $ 4.29 2.69%
bitget-token
Bitget Token (BGB) $ 4.56 2.32%
ethena-usde
Ethena USDe (USDE) $ 0.999619 0.00%
weth
WETH (WETH) $ 1,876.70 3.63%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.18%
hyperliquid
Hyperliquid (HYPE) $ 13.37 2.06%
whitebit
WhiteBIT Coin (WBT) $ 28.14 1.47%
wrapped-eeth
Wrapped eETH (WEETH) $ 1,994.88 3.54%
monero
Monero (XMR) $ 206.66 2.30%
uniswap
Uniswap (UNI) $ 6.11 3.91%
susds
sUSDS (SUSDS) $ 1.04 0.03%
dai
Dai (DAI) $ 0.99994 0.01%
aptos
Aptos (APT) $ 5.24 3.67%
okb
OKB (OKB) $ 50.42 0.48%
near
NEAR Protocol (NEAR) $ 2.51 5.80%
pepe
Pepe (PEPE) $ 0.000007 8.00%
mantle
Mantle (MNT) $ 0.803492 4.10%
internet-computer
Internet Computer (ICP) $ 5.63 5.67%
gatechain-token
Gate (GT) $ 21.56 1.72%
tokenize-xchange
Tokenize Xchange (TKX) $ 32.84 0.43%
ethereum-classic
Ethereum Classic (ETC) $ 17.27 4.18%
ondo-finance
Ondo (ONDO) $ 0.810493 7.52%
aave
Aave (AAVE) $ 165.53 5.81%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 81,457.82 3.50%