It must be said ! The summer of 2022 has turned cold for crypto lending company Voyager Digital. Fortunately, the new season brings a new wind which should sound the death knell for this misadventure. Indeed, the Voyager saga is about to end. Specifically, the decentralized finance (DeFi) platform will liquidate the rest of its digital asset fund at an auction next week.
Imminent opening of the auction for the assets of Voyager
According to one query filed in US bankruptcy court, troubled lender Voyager Digital will auction its residual assets on September 13. This transaction is part of Voyager’s bankruptcy filing procedure.
The sale will take place at the premises of the investment bank Moelis & Company, which the company recently hired as a financial adviser. Those interested in acquiring Voyager’s assets have already filed their proposals. The deadline for submitting offers having been delayed from August 26 to September 6.
Who are the bidders?
For now, the identity of the buyers remains unknown. However, we know that FTX and Binance have shown particular interest in this matter in the past. At the time, FTX’s offer was described as a cut-price proposition by Voyager’s lawyers. That said, the company said it will reveal the name of the beneficiary and the implications for its customers once the transaction is finalized. According to the legal file, the validation of the offers to purchase will take place during a hearing on September 29.
Otherwise, if we are to believe Voyager’s legal unit, about twenty protagonists are said to have engaged in sustained discussions to buy back the company’s assets at the beginning of August. However, it is unclear whether they will all take part in this auction.
Last month, Voyager sent an email to its customers to allow them to view the distribution of their assets into account between active and passive. In addition, the latter have until October 3 to submit proof of their claim.
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