This is made up of the fair market value for all Voyager cryptos, the price of which is expected to be determined at a later date. The current market prices amount to around $ 1.31 billion.
Another $ 111 million value is also considered. His assets are available as soon as Voyager has completed his bankruptcy proceedings according to Chapter 11.
Blockworks tried to contact both FTX and Voyager to find out how much West Realm Shires paid for the crypto, but has not yet received an answer.
"Voyager has received several offers that consider sales and restructuring alternatives, carried out an auction and, on the basis of the auction results, found that sales transaction with FTX is the best alternative for the interest groups of Voyager," said the company in its explanation.
The demands of Voyager against the no longer existing hedge fund Arrows Capital remain in the bankruptcy mass, which can be distributed in the event of a recovery to the creditor of the mass, according to the explanation.
Citing sources that are familiar with the matter tweeted the former reporter of Wall Street Journal, Liz Hoffman that the purchase price for the deal with FTX was around $ 50 million. Hoffman also said that the deal FTX could ultimately cost the double amount if the managed assets and other milestone goals were achieved.
make customers completely
This is the first significant step for customers who have tried to get their funds blocked on the Voyager platform since Voyager made the decision in July to discontinue deposits and loyalty premiums.
Voyager became one of the first crypto companies that registered insolvency after the crypto market slump in May-driven by the fall of the Terra ecosystem of Do Kwon.
The crypto trade company Alameda Research by FTX CEO Sam Bankman-Fried is listed as the greatest creditor of Voyager and reports reportedly insecured loans worth $ 75 million.
Bankman-Fried previously offered Voyager customers the opportunity to withdraw their cash immediately by providing liquidity with early access.
Alameda/FTX proposed to buy the remaining digital assets and loans from Voyager, with the exception of unusual loans to Three Arrows Capital.
But the Voyager later rejected this offer disguised as a "low-ball offer as a rescue of the white knight" and said it would only contain "serious" suggestions.
The auction, which became publicly known at the beginning of this month, took place on September 13th. 19.
. .
The Post Ftx Us wins Voyager Digital Asset Auction for $ 1.4 billion is not a financial advice.
