Tag: FTX

FTX Wins Bid to Buy Voyager Digital’s Assets

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FTX, Binance and CrossTower are competing to buy Voyager Digital assets: Source

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Cryptocurrency exchanges FTX, Binance and CrossTower are competing to acquire beleaguered crypto lender Voyager Digital’s assets out of bankruptcy, according to insider sources.  According to details published by former investment banker and angel investor Simon Dixon, the three exchanges are competing in an auction to acquire Voyager Digital, and have each proposed their own terms and conditions for the acquisition. The details, which were also posted to Reddit, suggested that FTX and Binance have each proposed roughly $50 million in cash for Voyager’s assets, though Binance’s dollar amount is higher.…

FTX in talks with investors to raise $1B for further acquisitions — Reports

Sam-Bankman Fried’s crypto exchange FTX is reportedly engaged in talks with investors to raise $1 billion in new funding, as it looks to utilize extra capital for financial acquisitions during the bear market.  According to a Sept. 21 report from CNBC which cites sources close to the matter, the talks are still ongoing and the details could still be subject to change. If found to be true, the funding amount would keep the FTX’s current valuation of roughly $32 billion intact.  The potential $1 billion funding round would add to…

Crypto Exchange Giants Binance and FTX in Bidding War Over Bankrupt Lender Voyager: Report

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Two of the world’s leading crypto exchanges have reportedly submitted their bids to acquire the assets of embattled crypto lender Voyager Digital. Citing people familiar with the matter, The Wall Street Journal reports that Binance is willing to pay about $50 million to take over Voyager’s properties, which is slightly higher than what FTX bid for. Voyager is auctioning the remainder of its assets as part of a restructuring plan after it filed for bankruptcy as a result of the bear market. Its financial woes worsened when crypto hedge fund…

British regulator lists FTX crypto exchange as ‘unauthorized’ firm

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The Financial Conduct Authority (FCA), the chief financial regulator in the United Kingdom, issued a warning to Bahama-based crypto exchange FTX, claiming it operates without authorization. The company joined a growing list of unregistered cryptocurrency-related businesses that continue to outweigh those signed up with the FCA.  A warning note, dated Sept. 16, claims that the firm “may be providing financial services or products in the UK without authorization.” Addressing the potential customers, the FCA notes that they won’t be able to get their money back or seek the protection of…