Bankrupt crypto lender Voyager is set to liquidate all its assets through an auction that is scheduled for Sept. 13.<\/p>\n
Voyager announced on Sept. 7 that it had received multiplied bids from parties interested in buying up its assets.<\/p>\n
\nVoyagers, we want to let you know that multiple bids were submitted as part of the company\u2019s restructuring process. As a result, an auction is scheduled for September 13th. (1\/3)<\/p>\n
\u2014 Voyager (@investvoyager) September 7, 2022<\/a><\/p><\/blockquote>\n
The auction is scheduled to happen on Sept. 13, 2022, at the New York offices of Voyager's investment bankers, Moelis & Company.<\/p>\n
The bankruptcy court will deliberate on the outcome of the auction and look to approve the result on Sept. 29. Further adjustments may be made to the approval date if the court deems it necessary.<\/p>\n
Potential bidders<\/h2>\n
Voyager in an Aug. 4 filing<\/a> claimed that about 88 parties were interested in buying up its assets, of which 22 parties were in active discussion with the firm.<\/p>\n
Not much is known about the interested parties as many of them had signed non-disclosure agreements (NDAs) with Voyager.<\/p>\n
However, leading exchanges<\/a> FTX and Binance are said to be actively pursuing the auction process.<\/p>\n