FTX US, the digital asset exchange founded by billionaire Sam Pinkman Fred, has won the auction for the assets of bankrupt crypto-brokerage Voyager Digital, for about $1.4 billion.
The acquisition amount includes additional commitments of about $111 million, while it owns cryptocurrencies with a market value of $1.3 billion, according to a statement issued by (Voyager Digital), Monday in New York.
Voyager Digital said that customers will be able to switch to the FTXUS platform after the bankruptcy process is completed, adding that the purchase agreement will be presented for approval in court on October 19, 2022, according to Bloomberg Agency. Al Arabiya.net reviewed it.
The purchase follows several previous attempts by FTXUS to rescue or acquire Voyager Digital.
The New York-based platform had about 3.5 million customers at the end of March, and 1.19 million funded accounts.
Voyager Digital filed for bankruptcy protection in July after a failed attempt by Alameda Research - a subsidiary of FTXUS - to bail it out with a revolving line of credit.
In the same month, Alameda and FTXUS revealed a joint bid for Voyager Digital, but the latter described it as a low bid.
During September, Alameda said it would return the $200 million worth of Bitcoin and Ether it borrowed from Voyager Digital by the end of the month.
Meanwhile, a young billionaire, Fred Pinkman, has aggressively bought up struggling crypto companies this year, attracting millions of customers and valuable technology for cheaper than they traded just half a year ago.
It is noteworthy that (FTXUS) is in the process of raising a financing round of one billion dollars, according to a source familiar with the deal, which has not been closed or announced.
