Binance US will bid again for Voyager assets

Binance US will bid again for Voyager assets

Since FTX will not be able to honor its commitment to buy Voyager and its assets, Binance US will return to the table, Changpeng Zhao said.

He also reiterated an earlier statement that despite its appearance, Binance is not a Chinese company.

Binance US is bidding on Voyager again

The cryptocurrency winter that began earlier this year and was significantly intensified by the collapse of Terra resulted in many problems for multiple industrial companies, some of which, including Voyager, had to file for bankruptcy.

Seeking at least a partial solution for its clients, the ailing cryptocurrency lender auctioned off its assets. The two favorites to win the bid were the two US affiliates of FTX and Binance, with the former’s US branch winning it.

Given everything that happened with FTX, Alameda Research and FTX US, the once SBF-led exchange had to reverse the deal. However, Binance will resume its bid for Voyager, according to to the CEO of the company – CZ.

After blaming the rumors of Binance US having security issues on FTX, the exec claimed his exchange acquired “multiple companies” in the US without any regulatory issues. As such, it plans to “make another offer for Voyager now, as FTX is no longer able to honor their commitment.”

Binance will strive for it raise $1 billion to buy assets from Voyager and other struggling crypto companies, CZ added.

Separately, Binance’s CEO reiterated that the exchange is not a Chinese company and feels he should repeat this over and over “just because I look Chinese”.

FTX got too big

Speaking about the spectacular collapse of FTX and Binance’s role in it, CZ said he takes some of the blame as it took him too long to tweet the statement that pushed the first domino. Recall that Zhao said that Binance was planning to throw away its entire stack of FTT tokens after it became known that Alameda and FTX were overexposed to them.

“I think as an industry we let FTX get too big before we started questioning some of those things.” – cz noted.

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