Binance Might Acquire Voyager Instead Of FTX

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Voyager company has stopped trading with FTX. After declaring its bankruptcy, the FTX exchange platform also intends to liquidate its assets. Additionally, Voyager asserts that assets worth more than $3 million are presently concealed on the trading service. 

Voyager is being auctioned

After FTX files for bankruptcy, Voyager, a cryptocurrency securities firm, has declared that it will stop trading with FTX. The latter has successfully acquired the digital asset portfolio of Voyager Digital after facing off against rival traders like Binance as well as Coinbase and adding the investing business Wave Financial.

By settling for $1.4 billion, the bankrupt exchange beat out other bidders. Tweet from Voyager that they have opened over again the trading procedures and are actively speaking with alternate applicants. 

Following internet reports of a severe liquidity crisis for the company previously this week, FTX US, along with its world parent company FTX World-wide and quantitative exchange firm Alameda, made an announcement on Friday.

Currently, the listed companies tolerate $10 billion to $50 billion in sizable gaps in their accounting records. It is evident that FTX’s programs to shut down Voyager are not going to materialize.

After FTX was selected as the winning bidder, as for the information from trustworthy publications, Voyager did not delegate any possessions to FTX US. The five million dollars beneficial agreement money transfer made by FTX US originally in the vendue process is now in escrow. 

FTX is authorized by the Japan agency of financial security 

FTX Japan, the Japanese subsidiary of FTX, was told by the Japan Financial Services Agency (FSA), the state’s top financial institution, to cease daily operations in its territory following FTX’s failure.

In addition, the management has asked for business development plans from cryptocurrency exchanges by November 16. Alameda Research actually owes Voyager a debt of fifty thousand Ethereum and six and a half thousand Bitcoin. 

As for the reports, Voyager holds no debts or commercial duties to whatever recipients, including Alameda. The company still possesses a $3 million balance on FTX as of the time of publication.

Voyager is currently incapable of raising money as a result of these factors. Voyager’s top rivals for digital assets have included Binance. Binance might become the new possessor of Voyager.


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