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0 sats \ 2 replies \ @cryptocoin OP 5 Aug 2022 \ parent \ on: WSJ: Voyager Digital Is Cleared to Return $270 Million to Customers bitcoin
It's a bankruptcy case. So it isn't Voyager's call what happens from here. But from the article:
The company said it is aiming to wrap up a sale process in September. Billionaire Sam Bankman -Fried’s FTX Trading Ltd. in July made an offer to buy some of Voyager’s crypto assets and allow Voyager customers a chance to use the money to open accounts on the FTX platform.
Joshua Sussberg, Voyager’s lawyer, told the court on Thursday that FTX’s offer is the lowest among several proposals, and that it is in talks with FTX to get to a higher offer.
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25 sats \ 1 reply \ @TheBTCManual 5 Aug 2022
Yeah that's the story I heard that FTX would allow voyager peeps to pull part of their deposit out if they moved over or something like that
If FTX is the lowest offer why not go with the highest? lol why ask FTX to outbid them, am I missing something here?
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0 sats \ 0 replies \ @cryptocoin OP 5 Aug 2022
Certainly with a bankruptcy case, who knows what happens, but if they do let the assets get sold I suspect that means they go with the high bid, which would exclude FTX due to not having high bid, if that remains the case.
Mt. Gox 2014 bankruptcy has still not paid out to the creditors. These things don't get resolved overnight.
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