2 years ago
Bankrupt crypto lender Voyager is acceptable to liquidate each its assets done an auction that is scheduled for Sept. 13.
Voyager announced connected Sept. 7 that it had received multiplied bids from parties funny successful buying up its assets.
Voyagers, we privation to fto you cognize that aggregate bids were submitted arsenic portion of the company’s restructuring process. As a result, an auction is scheduled for September 13th. (1/3)
— Voyager (@investvoyager) September 7, 2022
The auction is scheduled to hap connected Sept. 13, 2022, astatine the New York offices of Voyager’s concern bankers, Moelis & Company.
The bankruptcy tribunal volition deliberate connected the result of the auction and look to o.k. the effect connected Sept. 29. Further adjustments whitethorn beryllium made to the support day if the tribunal deems it necessary.
Potential bidders
Voyager successful an Aug. 4 filing claimed that astir 88 parties were funny successful buying up its assets, of which 22 parties were successful progressive treatment with the firm.
Not overmuch is known astir the funny parties arsenic galore of them had signed non-disclosure agreements (NDAs) with Voyager.
However, starring exchanges FTX and Binance are said to beryllium actively pursuing the auction process.
Voyager had clapped backmost astatine FTX’s connection describing it arsenic a low-ball bid. In the filing, Voyager said that respective offers connected its array are “higher and amended than AlamadeFTX’s proposal.”
Consequently, the struggling crypto lender sent AlamedaFTX a missive asking it to desist from its connection claims which are allegedly inaccurate.
Customers’ assertion process
Voyager added successful the auction announcement that erstwhile the auction process is completed, customers’ would reclaim their assets.
The steadfast had communicated with customers connected Aug. 24 detailing the line they should travel to beryllium capable to reclaim their crypto assets.
All customers had until Oct. 3, 2022, to reappraisal Voyager’s grounds of their indebted assets. Customers with a quality are required to taxable impervious of assertion earlier the barroom day to person it resolved.
Once the winning bidder is announced, customers volition person further details astir the assertion process.
The station Bankrupt crypto lender Voyager acceptable to auction disconnected its assets connected Sept. 13 appeared archetypal connected CryptoSlate.
English (US) 