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Binance US Will Make Another Bid For Voyager

Following the failure of the bankrupt FTX to complete the acquisition of crypto lender Voyager, Binance CEO CZ has stated that the exchange’s US division will now make a new offer for the company, according to a Bloomberg interview.

Previously, once Voyager filed for bankruptcy, FTX emerged as the front-runner to buy the lender, with Binance’s proposal reportedly being resisted because it may compromise national security.

Zhao stated:

“I think the U.S. national security concerns were rumors spread by FTX to try and push us out of the bid. There was never any concerns about us participating in the bid.”

It looks like the exchange has reached legal agreements, so bidding for Voyager continues:

“Binance.US will make another bid for Voyager now, given FTX is no longer able to follow through on that commitment,” added CZ.

Zhao said on BloombergTV his company is mistakenly believed to be Chinese “because I look Chinese,” then asserted, “Binance is not a Chinese company, we are not related to China at all.”

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.