Crypto exchange FTX to acquire bankrupt Voyager's assets

Crypto exchange FTX to acquire bankrupt Voyager's assets

FILE PHOTO: Representations of cryptocurrencies and Voyager Digital logo are seen in this illustration taken, July 7, 2022. REUTERS/Dado Ruvic/Illustrations

Bankrupt crypto lender Voyager Digital said on Monday that crypto exchange FTX has won an auction for its assets, in a bid valued at about $1.42 billion.

FTX’s bid comprises of a fair market value of all Voyager cryptocurrency, at a to-be-determined date, which is estimated to be $1.31 billion at current market prices and an additional consideration estimated as providing about $111 million of incremental value, Voyager said in a statement.

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