TechFlow, Voyager Digital Ltd. today announced that its operating subsidiary, Voyager Digital LLC, has selected BAM Trading Services Inc. (doing business as Binance.US) as the highest and best bidder for its assets.
The Binance.US bid sets a clear path toward swiftly unlocking customer funds at an estimated value of approximately $1.022 billion, including (i) the fair market value of Voyager’s cryptocurrency portfolio on a future date to be determined, estimated at current market prices as $1.002 billion, plus (ii) additional consideration valued at $20 million in incremental value.
The company’s claims against Three Arrows Capital will remain with the bankruptcy estate, and any future recoveries from these and other unreleased claims will be distributed to the estate’s creditors. Binance.US aims to return cryptocurrencies to customers in kind, subject to court approval and platform capabilities. Source link
