INX submits bid for Voyager Digital’s assets
FTX US won a $1.4-billion bid to purchase Voyagerâs assets in September, but with the firm filing for bankruptcy, the funds were once again up for grabs.
Trading platform INX has submitted a bid for an undisclosed amount to purchase the assets of crypto brokerage firm Voyager Digital.
In a Nov. 30 announcement, INX said it had sent a non-binding letter of intent for Voyagerâs assets following the platform filing for bankruptcy in July. According to INX CEO Shy Datika, the bid was aimed at providing âcredibility, technology, and unique regulatory positioningâ for Voyager users seeking stability in a volatile market.
Voyagerâs original bankruptcy filing from the Southern District Court of New York suggested the firm could owe between $1 billion to $10 billion to more than 100,000 creditors amid a bear market and exposure to Three Arrows Capital. In September, FTX US won a $1.4-billion bid to purchase Voyagerâs assets, but with FTX Group itself filing for bankruptcy in November, the funds were once again up for grabs.
Related: Voyager Digital wonât sue its executives for incompetence, will claim insurance on them
Binance has reportedly been considering a bid for Voyagerâs assets, while crypto exchange CrossTower was one of the firms that made an offer prior to FTXâs downfall. Cointelegraph reported on Nov. 13 that CrossTower had been working on a revised bid following FTX Groupâs bankruptcy filing. INX was not part of the bidding process in September.
Cointelegraph reached out to INX for comment, but did not receive a response at the time of publication.