Voyager Responds to FTX’s Offer, Calling It a ‘Low-Ball’ Bid

Crypto platform Voyager Digital LLC said a joint offer proposed by FTX and Alameda is a “low-ball bid” that disrupts the bankruptcy process, according to a court filing.

On Friday, crypto billionaire Sam Bankman-Fried proposed a restructuring deal to Voyager publicly. Under the plan, Alameda, Bankman-Fried’s trading firm, would buy all of Voyager’s digital assets and digital asset loans, other than loans to Three Arrows Capital, in cash at market value. Meanwhile, FTX, his crypto exchange, would offer customers of Voyager an option to receive their share of claims by opening a new account at FTX.