Voyager Digital (VGX) Will Go Up For Auction Next Week

2 years ago · Updated 2 years ago

✍️ 8 September, 2022 - 7:45 👤 Editor: Jakub Motyka

Bankrupt crypto firm Voyager Digital will put its assets up for auction next week.
The company has been bankrupt for months.

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Voyager Digital will go on auction next September 13 in the city of New York (United States). The crypto company, declared bankrupt for months, will put its assets up for auction starting at 10:00 a.m. (EST), and the approval of the winning bids will be announced on September 29 at 2:00 p.m. (EST).

Of Canadian origin, Voyager Digital offered services of cryptocurrency exchange to users from all over the world. On July 6 it declared bankruptcy with a debt that reached 10 billion dollars, and since the end of last August the interested companies have had the term legal to bid for the company.

1 Billion Dollars In The Voyager Digital Account Still To Be Distributed

In the Voyager Digital auction, large cryptocurrency exchanges from the crypto world are expected to participate, although for now there is no confirmed candidate for the purchase. It is known that the assets auctioned include the bank account of Voyager, which has around 1 billion dollars in its balance.

Of course, the first to see this money will be Voyager users. There is a long list of clients who had cryptocurrencies in this exchange and, with its collapse, lost access to their assets, so they are among the first creditors who should benefit from the result of the auction.

One of the factors that dragged Voyager Digital into bankruptcy was its exposure to the Three Arrows Capital case, whose crash in the crypto market left the Canadian exchange company exposed to debt of 661 million dollars.

Voyager Digital's Crypto VGX Accumulates Several Days Of Gains

As contradictory as it may seem, Voyager Digital's VGX cryptocurrency seems to live oblivious to the bankruptcy situation of the company to which it belongs. Once again, in the last 24 hours it has risen by 41.85%, reaching a maximum price of $1.16, a figure not seen since its assets they will begin to fall this year.

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Juan Pais

E-mail: juan@criptokio.com

ES: Por mi trabajo de redactor siempre he escrito para otros temas pero la verdad es que a día de hoy lo que más me apasiona es el tema de las criptos. Tengo conocimientos tanto en criptomonedas y wallets como de airdrops y exchanges.

Poseo wallet en Coinbase y Trust Wallet, y cuentas en una variada cantidad de exchanges como Satoshi Tango, Binance, Crypto, Ripio, entre otras.

EN: EN: Because of my work as an editor I have always written for other topics but the truth is that today what I am most passionate about is the topic of cryptos. I have knowledge in both cryptocurrencies and wallets as well as airdrops and exchanges.

I have a wallet in Coinbase and Trust Wallet, and accounts in a variety of exchanges such as Satoshi Tango, Binance, Crypto, Ripio, among others.