• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, June 21, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto

FTX acquires Voyager digital assets worth more than $1b over auction

by Reshab Agarwal
September 27, 2022
in Crypto, Crypto Exchanges, News
Reading Time: 2 mins read
0
FTX a last resort for BlockFi

Picture Credits: FinanceFeeds

TwitterWhatsappLinkedin

FTX acquires Voyager Digital assets in a recent auction as the company files for bankruptcy. The assets of the company are worth more than $1 billion, which makes it quite a big deal. Other companies that also participated in the bidding war for Voyager’s assets were Binance and CrossTower. While we know that Binance is the largest crypto exchange globally, CrossTower is also a crypto trading platform founded in 2019.

You might also like

Apple in Early Talks to Acquire Perplexity AI, Its Largest Deal Yet

Ripple (XRP) crash? WinnerMining makes a stable profit of $1,780 per day!

Eutelsat’s Shares Skyrocket as France Leads €1.35 Billion Investment in Satellite Future

FTX acquires Voyager digital assets

With the acquisition of Voyager Digital assets, FTX continues its stream of boosting its presence in the industry. The company’s CEO has clearly shown his intent to invest in crypto companies and platforms in the bear market. FTX has also been working on the acquisition of BlockFi, which is also a centralized lending platform that recently went bankrupt.

The acquisition of Voyager’s assets doesn’t only involve cash, as the companies involved in the bidding offered something unique. As per reports, Binance was offering a large cash sum while FTX was only offering $50 million in cash. They have also offered to transfer Voyager’s customers to FTX and allow them to claim a pro-rata share of their coins that the platform possesses.

FTX acquires Voyager digital assets worth more than $1b over auction
Picture Credits: FinanceFeeds

There is no clear report on what will happen after the acquisition and what its implications will be for the customers. But we do know that Voyager was valued at $1.4 billion in the bidding. We do not have any timeline of the acquisition and how Voyager’s assets might be transferred to FTX. There is also the possibility that Voyager might still reconcile some customer and debtor accounts.

What happened with Voyager Digital?

Voyager filed for bankruptcy, citing market instability and Three Arrows Capital’s unexpected demise just weeks after it stopped accepting deposits, trades, and withdrawals.

In a Chapter 11 bankruptcy petition in the Southern District of New York, the company with its headquarters in the United States claimed to have between $1 billion and $10 billion in assets and more than 100,000 creditors.

According to the petition, Voyager Digital owes $75 million to Sam Bankman-Alameda Fried’s Research, which gave it a lifeline of $485 million and around $960,000 to Google (PDF). The companies to which Voyager owes money were not specified.


What are your thoughts as FTX acquires Voyager digital assets in a recent bidding? Let us know in the comments below. And, if you found our content informative, do share it with your family and friends.

Also Read: Over 70% of crypto investors believe they can become billionaires: Survey.

Tags: #Voyager_DigitalassetsFTX
Tweet54SendShare15
Previous Post

Walmart Debuts Roblox Worlds as ‘Testing Ground’ for the Metaverse

Next Post

Biogen Agrees To Settle Lawsuit Alleging Its Involvement In Bribing Doctors

Reshab Agarwal

Reshab is a tech-enthusiast who likes to write about all things crypto. He is a Bitcoin bull and believes in a decentralized future of finance. Follow him on Twitter for more!

Recommended For You

Apple in Early Talks to Acquire Perplexity AI, Its Largest Deal Yet

by Thomas Babychan
June 21, 2025
0
Apple in Early Talks to Acquire Perplexity AI, Its Largest Deal Yet

In recent weeks, Apple has been engaged in private discussions about a potential acquisition of the AI search startup Perplexity, according to sources familiar with the matter. These...

Read more

Ripple (XRP) crash? WinnerMining makes a stable profit of $1,780 per day!

by Techstory
June 21, 2025
0
Ripple (XRP) crash? WinnerMining makes a stable profit of $1,780 per day!

Due to the tension between Iran and Israel, the value of most cryptocurrencies has fallen. In the past week, XRP fell by about 7%. This sudden drop has...

Read more

Eutelsat’s Shares Skyrocket as France Leads €1.35 Billion Investment in Satellite Future

by Harikrishnan A
June 21, 2025
0
Eutelsat’s Shares Skyrocket as France Leads €1.35 Billion Investment in Satellite Future

Eutelsat, the European satellite company, made headlines this week as its stock surged an impressive 31% on Friday. The rally came right after the company announced it had...

Read more
Next Post
Biogen Agrees To Settle Lawsuit Alleging Its Involvement In Bribing Doctors =

Biogen Agrees To Settle Lawsuit Alleging Its Involvement In Bribing Doctors

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?