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Chances of crypto giant FTX winning the race to buy the assets of bankrupted crypto lender Voyager Digital are looking good. According to an unnamed person involved, the odds are in favor of the Sam Bankman-Fried led exchange after an auction took place through the bankruptcy court yesterday.
It was reported in July that two of the biggest players in the crypto space, FTX and Binance, were among a group of more than 20 interested parties to acquire Voyager’s assets.
The source revealed that in the final round of the auction FTX was able to outbid digital-asset investment firm, Wave Financial, without naming the exact amount offered. The win for FTX is not yet in the pocket. There is still time for higher bids to be submitted by interested parties in the coming days.
Both FTX and Wave have not yet released any official statements.
This week, rumors surfaced of FTX targeting several takeovers including retail-trading platforms and is doing its due diligence. To finance the investments, the exchange is set on opening new capital funding round at a $32 billion valuation.