Voyager Digital said it will auction off its remaining assets next week as part of its restructuring plan

The financially troubled crypto-currency lending company revealed the plans in a press release and a series of tweets published today, September 7.

We would like to inform you that several offers have been submitted as part of the company’s restructuring process“, Voyager wrote. The company added that it “Will share more information about the winning bidder“and the implications of the auction for customers after the process concludes later this month.

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The auction will take place on Sept. 13, while a court hearing will approve the results of the sale on Sept. 29. Voyager has already received initial bids; the deadline for bids ended Sept. 6. A Bloomberg article suggests that the company has received several acceptable bids, making the upcoming auction necessary.

The companies involved in the bidding process are unknown. Voyager rejected an unsolicited bid from FTX and Alameda Research in July. Later, an August 4 court document suggests that 88 interested buyers had contacted Voyager and that 22 were in active talks with the company.

A Coindesk article suggests that Binance is one of the interested companies. The article also suggests that FTX is still interested in the deal despite its earlier rejection.

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Voyager initially froze withdrawals more than two months ago, on July 1, and received approval to reopen withdrawals in early August. At the time, the company said it planned to reopen withdrawals with a daily limit of $100,000 on August 11, but it is unclear whether it followed through on those plans.

In any event, the upcoming auction should advance Voyager’s restructuring plan and help it return funds to its customers.

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