Beleaguered crypto lender Voyager Digital Holdings says it has received a number of “higher and better” buy-out offers than that offered by AlamedaFTX back in July, contrary to the investment firm's continued public statements.
The company has also just been cleared to return $270 million of customer funds held at the Metropolitan Commercial Bank (MCB) by the judge presiding over its bankruptcy proceedings in New York.
In a Second Day Hearing Presentation on Aug. 4, Voyager stated that it has received word from as many as 88 interested parties keen to bailout the company from its financial woes, adding it is in "active discussions" with over 20 potentially interested parties.
One of the most high-profile bids came from Alameda Ventures and FTX in July.
Alameda had proposed to buy all of Voyager’s assets and outstanding loans except the defaulted loan to Three Arrows Capital, then liquidate the assets and distribute funds in USD through the FTX US exchange.
This was rejected by Voyager on July 25 on the grounds that it was not “value-maximizing” for its customers.
The company also noted that it has already received bids through the marketing process that are “higher and better than AlamedaFTX’s proposal," contrary to alleged "inaccurate" public statements from AlamediaFTX.
Voyager stated that it has also separately sent AlamedaFTX a cease and desist letter regarding its “inaccurate” public statements, confirming that AlamedaFTX does not have a “leg up” on other bidders.
News about other interested bidders comes at the same time that U.S. Bankruptcy Court Judge Michael Wiles has given Voyager the all-clear to return a portion of their customer’s cash deposits.
According to an Aug. 4 report from the Wall Street Journal, Judge
Read more on cointelegraph.com