The native token of embattled crypto dealer Voyager Digital (VGX) is surging as rumors of a possible takeover proceed to flow into.
In keeping with a latest firm presentation, quite a few companies, 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 induced VGX to skyrocket from a 24-hour low of $0.328 to $0.743, a staggering 126.52% acquire in simply someday. 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 might be probably fascinated with shopping for its distressed belongings, 22 have been lively within the advertising and marketing 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 alternate in hopes of discussing promoting their belongings to the platform.
As acknowledged by Zhao in an interview,
“Our group’s participating in all of these conversations.”
Final month, crypto alternate FTX, additionally an organization spearheaded by Bankman-Fried, made a suggestion 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 acquired higher bids than what was provided by AlamedaFTX.
“Voyager has already acquired bids by way of the advertising and marketing course of which might 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 price tons of of thousands and thousands of {dollars}. A number of weeks later, Voyager filed for chapter.
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