The verdict was in yesterday: Voyager Digital LTD has set its sights on BAM Trading Services Inc., aka Binance.US. According to official information, the amount of this agreement amounts to 1.022 billion dollars.
Voyager assets offered for $1 billion to Binance.US
” Binance US was chosen as the highest bidder and highest bidder in Voyager’s re-opened bankruptcy asset auction. Once the deal is done, Voyager users will finally be able to access their digital assets on the Binance.US platform. »
The news was first reported by the blog from Binance.US on December 18, followed by Brian Shroder, President and CEO of Binance.com’s US franchise, and Quote. All had announced that the Binance.US bid was selected by Voyager after a thorough review of strategic options.
Said offer which amounts to $1.022 billion includes the fair market value of Voyager’s crypto wallet. In particular, it includes an additional consideration of $20 million. additional value “.
As a reminder, Voyager Digital declared bankruptcy at the beginning of July. Alameda Research and FTX US, at the time highly motivated to dethrone Binance, had reached out to the management of this company. But she rejected the offer. Could she have foreseen the fall of this empire of Sam Bankman-Fried?
In any case, Binance.US’ move will allow Voyager customers to once again access their assets on the platform.
” We hope our selection will put an end to a painful bankruptcy process in which clients have been unfairly dragged into without their being responsible. Our goal is simple: give users back their cryptocurrencies as soon as possible. “says Brian Shroder in his Twitter thread.
Some details in this story
Forbes clarified, however, that the approximately $ 1.022 billion that Binance.US is about to pay out is not intended for the purchase of Voyager’s cryptoassets. Indeed, the additional $20 million is a purchase price for the right to acquire the cryptocurrency lender’s 3.5 million customer accounts. After the transfer of this amount, and the approval of the bankruptcy court, expected on January 5, 2023, and the votes of the creditors, the final value of the transaction will be known. The billion mentioned represents “ current market prices for Voyager assets.
Voyager, which lent colossal sums to Three Arrows Capital (3AC), did not escape the Terra contagion. His clients who did not see this tragedy coming consoled themselves with harsh testimonials on social networks. Now that Binance.US comes to their rescue, they will have to see the end of the tunnel.
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