Voyager, as a way to return the 270 million USD of buyer funds, claims to have acquired “higher” gives than FTX

Credited crypto lender Voyager Digital Holdings says it received “higher and better” buyout offers than AlamedaFTX in July, contrary to what the investment firm has consistently reported.

The company was also just allowed to repay $270 million. USD of customer funds held by Metropolitan Commercial Bank (MCB) by a judge presiding over its bankruptcy proceedings in New York.

At Thursday’s second-day hearing presentation, Voyager said yes received Word of as many as 88 interested parties wanting to rescue the company from financial trouble added that it was in “active discussions” with more than 20 potentially interested parties.

One of the most famous offers in July came from Alameda and FTX.

Alameda had offered to buy all of Voyager’s assets and outstanding loans other than the outstanding loan to Three Arrows Capital, then liquidate the assets and distribute the funds in USD through the FTX US exchange.

Voyager rejected it on July 25, saying it was not “maximizing value” for its customers.

The company also noted that it has already received offers during the marketing process that are “higher and better than AlamedaFTX’s offer”, contrary to the allegedly “inaccurate” public statements of AlamediaFTX.

Source: Voyager Digital Second Day Presentation.

Voyager said it also separately sent a cease-and-desist letter to AlamedaFTX over “inaccurate” public statements that AlamedaFTX did not have a “leg up” against other bidders.

270 million were returned. USD customer funds

The news of other interested bidders came as U.S. Bankruptcy Court Judge Michael Wiles gave Voyager full permission to return some of its client’s cash deposits.

According to a report in Thursday’s Wall Street Journal, Wiles said Voyager had if “sufficient basis” to argue that customers should be given access to an account held by Metropolitan Commercial Bank, believed to hold $270 million. USD cash.

Voyager funds were held in a bank account bankruptcy July 5. These funds were frozen when the bankruptcy procedure began.

Related: Deposits in non-bank companies, including cryptocurrency companies, are not insured by the FDIC

Voyager Digital CEO Stephen Ehrlich mentioned in July that it intended to refund customer funds from MCB once the “reconciliation and fraud prevention process” was complete, and the company is reported requested that funds be released to MCB on July 15.

Voyager owes no more than $10 billion to around 100,000 creditors, but it’s not the only crypto broker, lender or investment firm to fall on hard times for itself and its users. Celsius, Three Arrows Capital, BlockFi and more.