The native token of embattled crypto dealer Voyager Digital (VGX) is surging as rumors of a possible takeover proceed to flow into.
In keeping with a latest firm presentation, quite a few companies, together with AlamedaFTX, the digital belongings hedge fund of crypto billionaire Sam Bankman-Fried, have proven curiosity in buying Voyager’s belongings.
Information of a possible buyout induced VGX to skyrocket from a 24-hour low of $0.328 to $0.743, a staggering 126.52% achieve in simply someday. The token has retraced since and is buying and selling for $0.60 at time of writing.
Voyager says that out of the 88 corporations which might be doubtlessly all in favour of shopping for its distressed belongings, 22 have been energetic within the advertising course of. The corporate plans to carry its gross sales listening to on September seventh.
Final week, Binance CEO and founder Changpang Zhao told The New York Occasions that each Voyager and fellow troubled crypto lender Celsius approached the crypto trade in hopes of discussing promoting their belongings to the platform.
As said by Zhao in an interview,
“Our group’s participating in all of these conversations.”
Final month, crypto trade FTX, additionally an organization spearheaded by Bankman-Fried, made a proposal to buy Voyager’s belongings, however the crypto dealer rebuked the Seychelles-based firm saying its proposal was “extremely deceptive” and a “low-ball bid.”
In its presentation, Voyager notes that it has already obtained higher bids than what was provided by AlamedaFTX.
“Voyager has already obtained bids via the advertising course of which might be larger and higher than AlamedaFTX’s proposal; AlamedaFTX’s tweets, interview on Fox, and press releases are inaccurate.”
Voyager first introduced a halt to all trades, deposits, and withdrawals in early July after digital belongings hedge fund Three Arrows Capital (3AC) did not pay again a mortgage price a whole lot of tens of millions of {dollars}. A number of weeks later, Voyager filed for chapter.
Do not Miss a Beat – Subscribe to get crypto e mail alerts delivered on to your inbox
Verify Value Motion
Observe us on Twitter, Facebook and Telegram
Surf The Every day Hodl Combine
 
Disclaimer: Opinions expressed at The Every day Hodl are usually not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual threat, and any loses it’s possible you’ll incur are your duty. The Every day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please observe that The Every day Hodl participates in internet affiliate marketing.
Featured Picture: Shutterstock/eliahinsomnia/WindAwake