The auction for the assets of bankrupt crypto lender Voyager Digital Ltd. began Tuesday in New York, the Wall Street Journal reported. The auction was being conducted at the midtown office of investment banker Moelis. The winning bid or bids will be revealed in a hearing scheduled for Sept. 29, though they could be disclosed sooner, according to a company spokesperson. It isn't clear how many bidders will show up. Voyager said in early August it had been contacted by 88 parties, and 22 were actively in discussions. Crypto exchange FTX previously offered $15 million in cash for Voyager customer information and an undisclosed amount for the assets. Voyager called it a “low-ball bid.” Voyager, based in New York and traded publicly in Toronto, filed for bankruptcy protection in July after it was flooded with withdrawal requests. Its own investments were either frozen or lost value in the spring meltdown in cryptocurrency prices.
