The Chief Executive Officer (CEO) of Binance, Changpeng 'CZ' Zhao, disclosed on Thursday that he has plans to acquire another crypto lender Voyager Digital. Following the announcement, Voyagers token price VGX skyrocketed over 24% instantaneously. Voyager is one of the earliest crypto firms to declare bankruptcy in July 2021.
Many people still doubt the viability of Voyager Digital's business. Before FTX injected $500 million to support the company after Three Arrows Capital (3AC) defaulted on its $600 million loan, FTX US won the bid to purchase the company's assets.
In September, FTX.US won the auction to purchase the assets of Canada's digital assets broker with a bid of just over $1.42 billion. The company's primary liquidity crisis was only slightly relieved by the cash injection from FTX. But the implosion of FTX and...
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