FTX Wins Auction to Buy Out Crypto Lender Voyager Digital

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.

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