Voyager Says FTX’s Buyout Offer Was Misleading “Low-Ball Bid,” SBF Fires Back

Key Takeaways

  • Voyager’s bankruptcy lawyers have responded to FTX’s buyout proposal to purchase the exchange’s assets and give customers instant liquidity by describing the offer as harmful and highly misleading.
  • Sam-Bankman Fried responded by saying that the lawyers are only against the liquidation proposal because they want to drain Voyager’s remaining funds by charging fees.
  • Voyager filed for Chapter 11 bankruptcy on July 6 after the infamous crypto hedge fund Three Arrows Capital hurled the exchange into an insolvency crisis by defaulting on a $665 million loan.

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