Buying and selling platform INX has submitted a bid for an undisclosed quantity to buy the belongings of crypto brokerage agency Voyager Digital.
In a Nov. 30 announcement, INX mentioned it had despatched a non-binding letter of intent for Voyager’s belongings following the platform submitting for chapter in July. In keeping with INX CEO Shy Datika, the bid was aimed toward offering “credibility, know-how, and distinctive regulatory positioning” for Voyager customers looking for stability in a risky market.
Voyager’s unique chapter submitting from the Southern District Court docket of New York steered the agency may owe between $1 billion to $10 billion to greater than 100,000 collectors amid a bear market and publicity to Three Arrows Capital. In September, FTX US gained a $1.4-billion bid to buy Voyager’s belongings, however with FTX Group itself submitting for chapter in November, the funds have been as soon as once more up for grabs.
Associated: Voyager Digital gained’t sue its executives for incompetence, will declare insurance coverage on them
Binance has reportedly been contemplating a bid for Voyager’s belongings, whereas crypto change CrossTower was one of many companies that made a proposal previous to FTX’s downfall. Cointelegraph reported on Nov. 13 that CrossTower had been engaged on a revised bid following FTX Group’s chapter submitting. INX was not a part of the bidding course of in September.
Cointelegraph reached out to INX for remark, however didn’t obtain a response on the time of publication.
