BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home BUSINESS

Voyager Digital Declines FTX Bid for Better Offers

by BlockNews Team
August 10, 2022
in BUSINESS, CRYPTO
Reading Time: 2 mins read
A A
1
SHARES
20
VIEWS
Share on XShare in TelegramShare on Reddit

Crypto-lending company Voyager Digital was in hot water these days after they filed bankruptcy last month. Recently, AlamedaFTX offered a buyout. However, Voyager refused the offer due to “higher” acquisition proposals. 

FTX proposed that it would buy all of the Voyager assets and pending loans. When the assets liquidate, they convert into USD using the FTX exchange.

Voyager said they don’t want FTX’s offer because it does not “maximize the value” for the customers. While it may be questioned why the firm declined a reasonable offer, it claims that over 88 parties were interested in bailing Voyager Digital out. 

How are the Offers Better?

In a recent New York hearing, the judge that oversaw the bankruptcy proceedings cleared Voyager Digital to refund $270 million to the Metropolitan Commercial Bank. Right now, the firm said that out of the 88 parties, 20 are “actively discussing” with the superiors. 

The initial Alameda x FTX buyout proposal happened last July 2022, indicating that they will do all they can to help compensate for the affected persons.

Voyager also clarified that it had already received better proposals before the AlamedaFTX deal. The firm also sent a cease and desist letter to AlamedaFTX for the “incorrect” information they said to the public. 

Voyager’s Bankruptcy in a Nutshell

On July 5, 2022, Voyager Digital officially filed for bankruptcy. The company still had funds in the bank account, but these were blocked after the proceedings started. According to the trial, Voyager owes almost $10 billion to no more than 100,000 creditors.

However, while the numbers are significant, this is not the first crypto-based brokerage that has struggled with its users. Among these are BlockFi, Three Arrows Capital, and Celsius. 

Stephen Ehrlich, CEO of Voyager Digital, created a plan to refund customer funds from the Metropolitan Commercial Bank as soon as the “fraud prevention process” concluded. Based on the reports, he requested the MCB to release the funds on July 15.

Tags: cryptoFTX
TweetShareShare
Previous Post

Is the Bubble Going to Pop? Elon Musk Forewarns About Recession in the United States

Next Post

Vitalik Buterin Planning to Create Stealth Addresses for NFT Transactions

DON'T MISS THESE! HOT OFF THE PRESS

Pepe Coin’s Wild Rebound: Bull Trap or Breakout Brewing?
CRYPTO

Pepe Coin’s Wild Rebound: Bull Trap or Breakout Brewing?

July 1, 2025
Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling
CRYPTO

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?
CRYPTO

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak
CRYPTO

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party
CRYPTO

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Load More

Related News

Pepe Coin’s Wild Rebound: Bull Trap or Breakout Brewing?

Pepe Coin’s Wild Rebound: Bull Trap or Breakout Brewing?

July 1, 2025
Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.