Crypto exchange FTX has won the bid to buy the assets of bankrupt Voyager Digital.
The exchange giant bade against Wave Financial, a digital-asset investment firm.
Voyager Token (VGX) rose after the announcement, gaining 3.76% as of 04:17 UTC.
In July, the crypto lender Voyager Digital filed for bankruptcy as its loan book accounted for nearly half of its total assets.
Also, nearly 60% of that loan book was composed of loans to Three Arrows, which filed for Chapter 15 bankruptcy, also in July.
