According to those with knowledge of the situation, FTX and Binance have offered the highest offers for the assets of defunct cryptocurrency lender Voyager Digital Ltd., VYGVQ -5.89%, but neither offer has yet been approved, Wall Street Journal reported.
As per the sources, the current offer from Binance is around $50 million, which is a little more than the rival offer from FTX.
The 2019-founded Voyager ran a crypto lending platform that received deposits from customers, paid interest on those deposits, and then leased the assets to other parties.
In 2019, it went public through a reverse merger. The company’s market value was $3.9 billion at the height of the stock in 2021.Voyager claimed to have $5 billion in total assets and $4.9 billion in total liabilities at the time of its bankruptcy filing in July 2022.Among the few beneficiaries of the crypto collapse are FTX and Binance.Read more on ambcrypto.com