{"id":5387,"date":"2022-07-25T06:36:21","date_gmt":"2022-07-25T06:36:21","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/07\/25\/voyager-digital-outrightly-rejects-ftxs-buyout-offer-calling-it-a-low-ball-bid\/"},"modified":"2022-07-25T06:36:21","modified_gmt":"2022-07-25T06:36:21","slug":"voyager-digital-outrightly-rejects-ftxs-buyout-offer-calling-it-a-low-ball-bid","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/07\/25\/voyager-digital-outrightly-rejects-ftxs-buyout-offer-calling-it-a-low-ball-bid\/","title":{"rendered":"Voyager Digital Outrightly Rejects FTX&#8217;s Buyout Offer Calling It A &#8220;Low-Ball Bid&#8221;"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>\n<iframe loading=\"lazy\" src=\"https:\/\/coingape.com\/voyager-digital-outrightly-reject-ftxs-buyout-offer-calling-it-a-low-ball-bid\/about:blank\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\"><br \/>\n<\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\"><br \/>\n<\/iframe><\/noscript>\n<\/p>\n<p>Troubled crypto lender Voyager Digital has outrightly rejected to a buyout provide from FTX and its subsidiary Alameda Research calling it a \u2018low-ball bid\u2019.<\/p>\n<div class=\"quads-location quads-ad90952 \" id=\"quads-ad90952\" style=\"float:none;margin:0px 0 0px 0;text-align:center;padding:0px 0 0px 0;\">\n<a href=\"https:\/\/servedbyadbutler.com\/go2\/;ID=180936;size=647x80;setID=509734\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"647\" height=\"80\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=647x80;setID=509734;type=img;click=CLICK_MACRO_PLACEHOLDER\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=647x80;setID=509734;type=img;click=CLICK_MACRO_PLACEHOLDER\" width=\"647\" height=\"80\"\/><\/noscript><\/a>\n<\/div>\n<p>Last Friday, FTX CEO Sam Bankman-Fried proposed a restructuring deal to FTX. Under the proposed plan, Bankman-Fried\u2019s buying and selling agency Alameda Research would purchase Voyager\u2019s digital belongings and digital-assets loans in money market worth. However, this might be exempting loans to embattled hedge fund Three Arrows Capital (3AC).<\/p>\n<p>In return, FTX would provide Voyager prospects to obtain their a part of claims by opening an FTX account. However, prospects who don&#8217;t want to join with FTX can proceed to retain all of their rights and claims within the chapter proceedings. But these prospects would get early entry to distribution of their claims by way of FTX.<\/p>\n<p>On Sunday, July 24, Voyager attorneys submitted a response to the bid whereby they <a rel=\"nofollow noopener\" href=\"https:\/\/www.bnnbloomberg.ca\/voyager-responds-to-ftx-s-offer-calling-it-a-low-ball-bid-1.1796324\" target=\"_blank\">noted<\/a>:<\/p>\n<blockquote>\n<p>\u201cThe AlamedaFTX proposal is nothing more than a liquidation of cryptocurrency on a basis that advantages AlamedaFTX. It\u2019s a low-ball bid dressed up as a white knight rescue\u201d.<\/p>\n<p>Voyager will entertain any \u201cserious proposal\u201d made below the bidding procedures, however the bid from FTX and Alameda was \u201cdesigned to generate publicity for itself rather than value for Voyager\u2019s customers\u201d.<\/p>\n<\/blockquote>\n<h3>Voyager Reserves All Rights, Said the Lawyers<\/h3>\n<p>In the courtroom submitting submitted on Sunday, Voyager Digital stated that FTX\u2019s proposal undermines a aggressive course of. Besides, the bid declares no worth to Voyager and its mental property. Furthermore, it fully ignores tax penalties amongst different issues.<\/p>\n<p>The attorneys additional added that Voyager receives all rights and treatments towards FTX and Alameda for the \u201cclear and intentional subversion of the bankruptcy process and the damages that may be suffered by customers and other creditors as a result\u201d.<\/p>\n<p>Voyager filed for Chapter 11 chapter safety earlier this month. FTX has proven eager curiosity in getting its palms at Voyager\u2019s belongings.<\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA117934\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<p>\nBhushan is a FinTech fanatic and holds a superb aptitude in understanding monetary markets. His curiosity in economics and finance draw his consideration in direction of the brand new rising Blockchain Technology and Cryptocurrency markets. He is repeatedly in a studying course of and retains himself motivated by sharing his acquired information. In free time he reads thriller fictions novels and generally discover his culinary expertise.\n<\/p>\n<\/div>\n<div class=\"author_Image\">\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=120&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-60 photo\" height=\"60\" width=\"60\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=60&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=60&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=120&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-60 photo\" height=\"60\" width=\"60\"\/><\/noscript> <\/div>\n<\/div>\n<\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD117934\">\n<p> The introduced content material might embody the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn&#8217;t maintain any duty in your private monetary loss.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/voyager-digital-outrightly-reject-ftxs-buyout-offer-calling-it-a-low-ball-bid\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Troubled crypto lender Voyager Digital has outrightly rejected to a buyout provide from FTX and its subsidiary Alameda Research calling it a \u2018low-ball bid\u2019. Last Friday, FTX CEO Sam Bankman-Fried proposed a restructuring deal to FTX. Under the proposed plan, Bankman-Fried\u2019s buying and selling agency Alameda Research would purchase Voyager\u2019s digital belongings and digital-assets [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5389,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[3],"tags":[2750,3237,2933,60,2749,3238,578,3236,1712,2877],"class_list":["post-5387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bid","tag-buyout","tag-calling","tag-digital","tag-ftxs","tag-lowball","tag-offer","tag-outrightly","tag-rejects","tag-voyager","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/5387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=5387"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/5387\/revisions"}],"predecessor-version":[{"id":5388,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/5387\/revisions\/5388"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/5389"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=5387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=5387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingraft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