Binance's U.S. division is gearing up to bid for embattled crypto lender Voyager Digital's assets.
The bankrupt crypto lender had earlier signed a deal with the now-defunct FTX cryptocurrency exchange, which is currently battling a severe liquidity crunch.
Voyager had earlier terminated its deal with FTX and is reportedly holding discussions with several potential bidders concerning its acquisition.
Binance.US has entered the race to acquire Voyager Digital assets
Per a recent Coindesk report, Binance.US is preparing to bid for bankrupt Voyager Digital assets.
Voyager Digital had earlier conducted an auction in September that saw FTX emerge as a winner after defeating several other contenders, including Binance. US.
- Read more: Is Gemini crypto exchange in jeopardy?
Recent accusations made against FTX, followed by the firm's filing for bankruptcy on November 11, have led Voyager Digital to terminate its acquisition deal with FTX. The crypto lender is now holding discussions with several other bidders in order to reach a favourable consensus.
The announcement of Voyager reopening its auction has given Binance.US another chance to enter the bidding competition. The previous Voyager auction saw FTX win against all odds after defeating Binance.US and Wave Financial.
Voyager Digital filed for bankruptcy in July, months after the Terra Luna collapse. Voyager was reportedly exposed to Three Arrows Capital, which in turn had significant exposure to the collapsed Luna token.
The connection between Luna, Three Arrows and Voyager led to the fall of all of the above crypto firms, leaving investors estranged and devoid of their funds.
According to Coindesk, the report has helped Voyager Digital's token VGX jump as high as 40%.
Get the latest on Bitcoin, Ethereum, Shiba Inu and the Luna ecosystem.
For more articles like this, take a look at our Planet Crypto page.