The native token of embattled crypto dealer Voyager Digital (VGX) is surging as rumors of a possible takeover proceed to flow into.
Based on a current firm presentation, quite a few corporations, together with AlamedaFTX, the digital belongings hedge fund of crypto billionaire Sam Bankman-Fried, have proven curiosity in buying Voyager’s belongings.
Information of a possible buyout prompted VGX to skyrocket from a 24-hour low of $0.328 to $0.743, a staggering 126.52% achieve in simply at some point. The token has retraced since and is buying and selling for $0.60 at time of writing.
Voyager says that out of the 88 firms which can be doubtlessly focused on shopping for its distressed belongings, 22 have been energetic within the advertising course of. The corporate plans to carry its gross sales listening to on September seventh.
Final week, Binance CEO and founder Changpang Zhao told The New York Instances that each Voyager and fellow troubled crypto lender Celsius approached the crypto trade in hopes of discussing promoting their belongings to the platform.
As acknowledged by Zhao in an interview,
“Our staff’s partaking in all of these conversations.”
Final month, crypto trade FTX, additionally an organization spearheaded by Bankman-Fried, made a proposal to buy Voyager’s belongings, however the crypto dealer rebuked the Seychelles-based firm saying its proposal was “extremely deceptive” and a “low-ball bid.”
In its presentation, Voyager notes that it has already obtained higher bids than what was supplied by AlamedaFTX.
“Voyager has already obtained bids via the advertising course of which can be greater and higher than AlamedaFTX’s proposal; AlamedaFTX’s tweets, interview on Fox, and press releases are inaccurate.”
Voyager first introduced a halt to all trades, deposits, and withdrawals in early July after digital belongings hedge fund Three Arrows Capital (3AC) didn’t pay again a mortgage value tons of of tens of millions of {dollars}. A number of weeks later, Voyager filed for chapter.
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