Crypto exchange FTX to acquires bankrupt crypto lender Voyager Digital in a bid valued at about $1.42 billion.
FTX’s bid consists of a fair market value of all Voyager cryptocurrency at a future date, estimated to be $1.31 billion at current market prices, and an additional consideration estimated to provide about $111 million in incremental value, according to a statement from Voyager. The company also stated that its claims against hedge fund Three Arrows Capital will be retained by the bankruptcy estate, which will distribute any recoveries to the estate’s creditors.
