On Monday, cryptocurrency exchange FTX.US won the bid to buy out Voyager Digital, a crypto investment firm that filed for Chapter 11 bankruptcy in July.
Voyager has accepted the exchange’s $1.4 billion bid to be bought out, according to the announcement, beating out Binance and Wave Financial in a race to buy the bankrupted firm.
“Voyager received multiple bids contemplating sale and reorganization alternatives, held an auction, and, based on the auction’s results, has determined that the sale...