Embattled Crypto Firm Voyager Dismisses FTX’s Early Cash-Out Proposal, Says Offer ‘Highly Misleading’ at Best

Embattled Crypto Firm Voyager Dismisses FTX’s Early Cash-Out Proposal, Says Offer ‘Highly Misleading’ at Best


Embattled crypto exchange platform Voyager Digital is rejecting FTX’s early buyout offer, according to new court documents.

Voyager filed for bankruptcy earlier this month, citing a massive $650 million loan default by the troubled crypto hedge fund Three Arrows Capital.

On Friday, crypto exchange FTX and trading firm Alameda Research published a plan that would provide Voyager customers the opportunity to cash out early and not wait for the conclusion of the bankruptcy proceedings.

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In a new statement, Voyager calls the plan “highly misleading” at best, while arguing that the proposal’s nature “chills” the bidding process that the crypto brokerage firm initiated. Voyager says FTX’s plan is a “low-ball bid” that doesn’t maximize value for its customers.

“AlamedaFTX essentially proposes a liquidation where FTX serves the

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