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Crypto Lender Voyager Reopens Bidding Process Following FTX Bankruptcy

Crypto lender Voyager has reopened the bidding process for its assets following the bankruptcy of crypto exchange FTX, which had been expected to buy them.

The firm said in a statement:

"The company is evaluating strategic options as a result of the Chapter 11 filing by FTX Group. The no-shop provisions of the Asset Purchase Agreement between Voyager and FTX US are no longer binding."

Voyager disclosed "active discussions with alternative bidders" but did not provide names or a timeline for completion. Voyager also provided details on its financial exposure to FTX's business empire, stating that it had "successfully recalled loans from Alameda Research for 6,500 BTC and 50,000 ETH."

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