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Bankman-Fried’s FTX Makes Proposal for Bankrupt Voyager With Eye on Customers

  • Customers would get opportunity to start an account with FTX
  • Alameda would write off its own loan claim under proposal
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Bankman-Fried Says 'Moderately Bad' Deals Are Acceptable
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Crypto billionaire Sam Bankman-Fried is proposing a restructuring deal to Voyager Digital LLC with the goal of attracting customers from the bankrupt digital-asset platform. 

Under a two-way proposal announced Friday, Alameda, Bankman-Fried’s trading firm, would buy all Voyager digital assets and digital asset loans, other than loans to Three Arrows Capital, in cash at market value. Meanwhile, FTX, his crypto exchange, will offer customers of Voyager an option to receive their share of claims by opening a new account at FTX.