- Voyager is trying to win back some of its customers along with the sale.
- Voyager’s lawyers criticized this as a “low-ball” show.
On Tuesday, a court filing confirmed that the assets of bankrupt cryptocurrency broker Voyager Digital will be auctioned off the following week. After the deadline was extended from August 26 to September 6, the interested parties submitted bids to purchase the company’s assets.
It looks like Voyager is going to auction. The auction takes place in New York on September 13 at 10 AM EST. Results will be approved on September 29th at 2pm. pic.twitter.com/Vc4Nw6ajgn
– Patrick Ackerman (@patrick Ackerman) 7 September 2022
According to the latest papers, a hearing to confirm the auction results will be held on September 29. Although Sam Bankman-Fried from FTX It submitted its bid earlier, and the identities of potential buyers are still unknown at this time. Voyager’s lawyers criticized this as a “low-ball” show.
According to Voyager’s legal team, as of early August, 22 interested parties were negotiating with the company in an effort to acquire its assets. Not all of them had entered their shows by Tuesday. So it is not known how many will go to the auction tour.
Voyager He tries to redeem some of his customers along with the sale. On August 5, a New York bankruptcy court that reviewed the matter authorized a plan to pay $270 million to affected consumers.
There is still about $1 billion in the platform’s bank account. Furthermore, this money will be split as part of the bankruptcy proceedings. Customers were notified via email of different cryptocurrencies and their respective balances held in their Voyager accounts. Those who have reason to object to the official tally of their property have until October 3rd to do so.
On July 6 this year, Voyager filed for Chapter 11 bankruptcy protection from creditors. This is because its commitments have reached $10 billion. By July 1, trading stopped indefinitely. Following the collapse of the crypto hedge fund Three Arrows Capital, in which the company was hit with a reported $661 million, the company went bankrupt.
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