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The US arm of the world's largest cryptocurrency exchange, Binance.US, is preparing to bid for bankrupt lending platform Voyager Digital, according to a person familiar with the plans.
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The previous auction, which was completed late last September, saw the now-defunct FTX emerge as the "White Knight", winning against rivals Wave Financial and Binance.
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At the time, CoinDesk also reported that Binance's bid for U.S.-based Voyager was shelved due to national security concerns.
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Voyager said it has reopened the bidding process for the company and is in active talks with other bidders as a result of FTX's move to file for bankruptcy last week.
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Wave financial and trading platform Cross Tower is reported to be running
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Voyager's native token VGX jumped 50% after CoinDesk published the report, with VGX at $0.4066 at the time of writing by more than 40%.
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Thomas Brazile, managing partner at investment firm 507 Capital, said matters are complicated by the fact that Voyager is pursuing a claim against the FTX estate for breach of contract.
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"The problem is that the claim is only going to be against FTX US," the Brazilian said in an interview. "I worry that a lot of the collateral is going to be held in trust.
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So any cause of action they may have is behind all the customers. And the problem is, if customers aren't being met, what will be your unsecured claim? It's going to be worth the bupkis.
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Earlier this week, Binance CEO Changpeng "CZ" Zhao said that his exchange is setting up an industry recovery fund to help rebuild the industry.
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