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Judge Pushes Voyager Digital to Consider Rival Offers to FTX Bid

  • Losing bidder CrossTower says it will keep pursuing Voyager
  • Rival bids need to be made fast as inking an FTX pact approved
Voyager Digital pricing. 

Voyager Digital pricing. 

Photographer: Gabby Jones/Bloomberg
Updated on

Bankrupt crypto lender Voyager Digital Ltd. agreed to consider higher offers than the $1.4 billion bid it accepted from FTX US, the digital-asset exchange founded by billionaire Sam Bankman-Fried, a decision that could increase payouts to customers who had their accounts frozen.

Under an arrangement approved by US Bankruptcy Judge Michael E. Wiles on Wednesday, the company can cancel its deal with FTX should it get a higher offer. The sale can’t close until Wiles approves Voyager’s bankruptcy payout plan, which the Manhattan-based judge may consider in December.