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Binance CEO Changpeng “CZ” Zhao has announced that the exchange’s US arm would make a new offer for crypto lender Voyager now that the bankrupt FTX has been unable to complete the acquisition.
It was already rumored last week that Binance would be stepping in the chase for the remaining assets of the troubled lending platform. On Thursday, it was CZ himself who confirmed speculation in an interview with Bloomberg confirming that:
“Binance.US will make another bid for Voyager now, given FTX is no longer able to follow through on that commitment.”
Following Voyager’s bankruptcy, FTX emerged as the front-runner to purchase the lender, with Binance’s proposal reportedly being stymied by worries that it would pose a national security risk to the US government.
According to Zhao, who is a legal Canadian citizen, there was never any doubt that they would pass on the bidding and these security issues were an example of a smear campaign. He explained to believe that those security concerns were misinformation created by FTX in an attempt to force Binance out of the bid.