Voyager Digital Ltd. is trying to sign a deal to sell itself to one of the bidders that lost the auction for the bankrupt crypto lender, after the winner of that auction, FTX, was itself forced into insolvency proceedings, Bloomberg News reported. One of the losing bidders included crypto exchange CrossTower. CrossTower did not immediately respond to a request for comment. FTX violated its contract to buy Voyager out of bankruptcy, according to Voyager’s main bankruptcy attorney Joshua Sussberg. FTX has agreed that Voyager can pursue other bids, but has not yet confirmed that the company is pulling out of the contract to buy the smaller crypto company, Sussberg said in court yesterday. The events underscore how the sudden implosion of FTX, the second-biggest cryptocurrency exchange in the world, is rippling through the industry, hurting smaller, troubled crypto companies like Voyager. The Voyager deal unraveled after FTX founder Sam Bankman-Fried resigned as chief executive and the company filed its own chapter 11 bankruptcy. FTX won a weeks-long auction for Voyager under a deal tied to court approval of the creditor payment plan, lawyers said during a court hearing held by telephone.
