FTX Wins Auction for Bankrupt Crypto Broker Voyager Digital’s Assets

Sam Bankman-Fried’s crypto exchange FTX won an auction for the assets of Voyager Digital with a bid valued at $1.42 billion, the bankrupt cryptocurrency broker and lender said.

The deal follows a competitive process that lasted two weeks, Voyager said in a statement on Monday. FTX and competing crypto exchange Binance had both made bids near $50 million, The Wall Street Journal reported earlier this month.