- Voyager’s Committee of Unsecured Creditors (UCC) has said that Voyager has yet to transfer any sources to FTX.
- The committee tweeted that the deal to maintain the bankrupt crypto lender promote its sources to Sam Bankman-Fried’s FTX has no longer been finalised.
Voyager, the bankrupt crypto lender that was as soon as for the duration of of advertising its sources to FTX, is yet to transfer any sources to the beleaguered crypto alternate.
The Voyager token VGX, which rose greatly when it first emerged FTX may maybe maybe be buying the crypto lender’s sources, was as soon as buying and selling practically 14% up Thursday afternoon (15.00 am ET). The FTX token was as soon as additionally up 8% at the time, with the gains coming amid a broader market upside.
Voyager’s yet to promote sources to FTX
Based totally on a assertion from Voyager’s Legit Committee of Unsecured Creditors (UCC), the sizzling approval allowing FTX to bewitch Voyager sources after a success an earlier action has “no longer been consummated.”
“We want to construct certain that the FTX/Voyager transaction has no longer been consummated. Voyager has no longer transferred any crypto or other sources to FTX in reference to the transaction,” reads allotment of the assertion the committee tweeted on Thursday.
As a outcomes of inclinations intelligent FTX, the UCC says it’s going to bewitch every step mandatory in the quest to present protection to creditors. The personnel is in the meantime evaluating all readily accessible alternate options, they critical.
The UCC’s conversation on Thursday comes in the wake of FTX’s halting of client withdrawals in the midst of a liquidity crunch.
It additionally follows experiences that Sam Bankman-Fried irresponsibly moved billions of bucks of client funds to Alameda Be taught, the crypto alternate’s buying and selling arm that is claimed to maintain blown all the pieces.
Alameda reportedly owes FTX $10 billion while Bankman-Fried has critical that the alternate wants an emergency bailout of $8 billion.
