The auction was originally scheduled for Aug. 29. In order for an auction to be held, multiple parties must show interest in the acquisition of Voyager Digital’s assets. On July 22, FTX made an offer to buy all Voyager Digital assets and digital asset loans, with the exception of loans to Three Arrows Capital (3AC). That offer was labeled “lowball” by the lender and rejected within days.
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Source: Cryptocurrency - investing.com