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The native token of distressed crypto broker Voyager Digital (VGX) has surged as rumors of a potential acquisition continue to circulate.
According to a recent company presentationA number of companies have expressed interest in buying Voyager assets, including AlamedaFTX, the digital asset hedge fund of crypto billionaire Sam Bankman-Fried.
News of a possible takeover sent VGX skyrocketing from a 24-hour low of $0.328 to $0.743, a staggering 126.52% gain in just one day. The token has since retrace, and he is trading at $0.60 at the time of writing.
According to Voyager, of the 88 companies potentially interested in purchasing distressed assets, 22 are actively involved in the marketing process. The company plans to hold a sales hearing on September 7.
Last week, Binance CEO and founder Changpang Zhao said: Said The New York Times reported that both Voyager and fellow troubled crypto lender Celsius approached the cryptocurrency exchange in hopes of discussing selling assets to the platform.
As Zhao said in an interview,
“Our team is on board with all these conversations.”
Last month, cryptocurrency exchange FTX, also a Bankman-Fried-led company, purchase Voyager Assets, however, a crypto broker accused the Seychelles-based firm of calling its proposal “extremely misleading” and “a low-ball bid.”
Voyager said in its presentation that it has already received a higher bid than AlamedaFTX offered.
“Voyager has already received higher and better bids than Alameda FTX’s proposal through its marketing process. AlamedaFTX’s tweets, Fox interviews and press releases are inaccurate.”
voyager first announced All trading, deposits and withdrawals were halted in early July after digital asset hedge fund Three Arrows Capital (3AC) failed to repay loans worth hundreds of millions of dollars. A few weeks later, Voyager filed for bankruptcy.
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