Crypto Lender Voyager to Auction Off Assets on Sept. 13

The firm will liquidate its assets via auction as it moves through the bankruptcy process. 

AccessTimeIconSep 7, 2022 at 4:55 p.m. UTC
Updated Sep 7, 2022 at 5:02 p.m. UTC

Elizabeth Napolitano is a news reporter at CoinDesk.

Insolvent crypto lender Voyager Digital will auction off the remainder of its assets on Sept. 13 as it moves through the Chapter 11 bankruptcy process, according to a Tuesday court filing. The auction will take place at the New York offices of Voyager’s investment bankers, Moelis & Company.

The auction results will become final during a court hearing approving the results on Sept. 29, according to the filing. Sept. 6 was the deadline for bids to have been submitted.

The identity of bidders has not been revealed but exchanges FTX and Binance are known to have had interest in acquiring Voyager’s assets. According to a presentation from Voyager’s company lawyers in early August, at least 22 investors had gone through due diligence and indicated their interest in bidding for Voyager’s assets, but it was not known how many had submitted formal bids by the deadline.

In a tweet on Wednesday, Voyager confirmed that it had received multiple bids for its assets as part of its restructuring process.

Voyager did not immediately respond to a request for additional comment.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Elizabeth Napolitano is a news reporter at CoinDesk.

CoinDesk - Unknown

Elizabeth Napolitano is a news reporter at CoinDesk.

Investing in the Future of the Digital Economy
October 18-19 | Spring Studio, NYC