Binance Will Relaunch Its Bid To Acquire The Bankrupt Voyager Digital

Binance’s US unit is relaunching its bid to buy bankrupt lending platform Voyager Digital, according to Coindesk, citing a person familiar with the matter.

The report comes just days after FTX, which was set to acquire Voyager’s assets after signing a deal in September, declared bankruptcy due to a liquidity crisis.

Voyager terminated its agreement with FTX this week and stated that it was in active discussions with several other bidders.

The lender declared bankruptcy in July, months after the crash of major crypto tokens TerraUSD and Luna, which shook the digital asset industry and led to the demise of hedge fund Three Arrows Capital, to which Voyager was exposed.

The assets of Voyager were then purchased by FTX in a $1.42 billion bid at an auction in September. The Wall Street Journal previously reported that Binance was a major bidder at the auction.

Binance did not immediately respond to a request for comment. Voyager has refused to comment.

The crypto market is on edge following the collapse of FTX, which is filing for Chapter 11 bankruptcy in the United States.

Genesis, a major cryptocurrency player, announced on Wednesday that it had suspended customer redemptions in its lending business, while BlockFi is reportedly preparing to file for bankruptcy.

(Adapted from

Categories: Economy & Finance, Entrepreneurship, Regulations & Legal, Strategy, Sustainability

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