Binance to Relaunch Bid for Bankrupt Crypto Lender Voyager

The previous Voyager sale saw FTX emerge as the “white knight,” beating out Binance.

Binance.US, the American arm of the world’s largest cryptocurrency exchange, is preparing to bid for bankrupt lending platform Voyager Digital, according to a person familiar with the plans.

A previous auction, which was completed around the end of last September, saw the now-defunct FTX emerging as the “white knight,” winning out against rivals Wave Financial and Binance. It has been reported by CoinDesk, that Binance’s bid for the U.S.-based Voyager had been shut out due to national security concerns.

Following FTX’s announcement last week to file for bankruptcy, Voyager said it had reopened the bidding process for the company and is in active discussions with alternative bidders. Wave Financial and trading platform Cross Tower are reported to be in the running.

Voyager’s native token VGX jumped as much as 50% after CoinDesk’s report was published.

Thomas Braziel, managing partner at investment firm 507 Capital said matters are complicated by the fact Voyager is going to have a claim against the FTX estate for breach of contract.

“The problem is that the claim is only going to be against FTX US,” said Braziel in an interview. “I worry a lot of the collateral is going to be held in trust. So any cause of action they have could end up being behind all the customers. And the problem is that if customers aren’t going to be made whole, then what’s your unsecured claim going to be worth? It’s going to be worth bupkis.”

Earlier this week, Binance CEO Changpeng “CZ” Zhao said his exchange is setting up an industry recovery fund to help rebuild the industry.

Advertisement

Some people are of believing that their Social Security Number (SSN) is the most valuable number. In reality, your mobile phone number is even more valuable to hackers and scammers.

Take recent data breaches as an example. Scammers can use the breach data to SIM Swap your number and become you. Once the scammer and hackers have control of your number it is a matter of minutes to hours before they wreak havoc on your entire life.

These scammers and hackers, now that they control your number, can gain access and steal all your bank accounts, crypto, social media, and other accounts. We take for granted how much our mobile controls our lives.

It is time you protect yourself today and get SAFE secured.

Your Mobile Telephone Phone Number is the Key & Gateway to your Entire data and Identity security. Get efani SAFE Secured NOW!