Binance US Will Bid Again for Voyager Assets

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As FTX will not be able to fol­low through on its com­mit­ment to pur­chase Voy­ager and its assets, Binance US will return to the table, said Chang­peng Zhao.

He also reit­er­at­ed a pre­vi­ous state­ment that Binance is not a Chi­nese com­pa­ny, despite his appearance.

Binance US to Bid on Voyager Again

The cryp­tocur­ren­cy win­ter that start­ed ear­li­er this year and was sig­nif­i­cant­ly inten­si­fied by Terra’s col­lapse result­ed in a lot of trou­ble for mul­ti­ple indus­try com­pa­nies, some of which, includ­ing Voy­ager, had to file for bankruptcy.

Look­ing for at least a par­tial solu­tion for its cus­tomers, the dis­tressed cryp­to lender auc­tioned its assets. The two favorites to win the bid were the two US affil­i­ates of FTX and Binance, and the former’s Amer­i­can branch won it.

Giv­en every­thing that hap­pened with FTX, Alame­da Research, and FTX US, the once SBF-led exchange had to back off the deal. Binance, though, will be resum­ing its bid for Voy­ager, accord­ing to the company’s CEO – CZ.

After blam­ing the rumors of Binance US fac­ing secu­ri­ty issues on FTX, the exec assert­ed that his exchange acquired “mul­ti­ple com­pa­nies” in the US with­out any reg­u­la­to­ry prob­lems. As such, it plans to “make anoth­er bid for Voy­ager now, giv­en FTX is no longer able to fol­low through on their commitment.”

Binance will aim to raise $1 bil­lion to be able to pur­chase assets from Voy­ager and oth­er strug­gling cryp­to firms, CZ added.

Sep­a­rate­ly, the Binance CEO said once more that the exchange is not a Chi­nese com­pa­ny and he feels he has to repeat this over and over again “just because I look Chinese.”

FTX Got Too Big

Speak­ing on the spec­tac­u­lar FTX col­lapse and Binance’s role in it, CZ said he takes some of the blame as it took too long for him to tweet the state­ment that pushed the first domi­no. Recall that Zhao said Binance was plan­ning to dis­pose of its entire stack of FTT tokens after it became known that Alame­da and FTX are over­ly-exposed to it.

“I think, as an indus­try, we let FTX get too big before we start­ed to ques­tion some of those things.” – CZ not­ed.

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