Crypto exchange FTX to acquire bankrupt Voyager’s assets

Bankrupt crypto lender Voyager Digital said on Monday crypto exchange FTX has won an auction for its assets, in a bid valued at about $1.42 billion.

FTX’s bid comprises of a fair market value of all Voyager cryptocurrency, at a to-be-determined date, which is estimated to be $1.31 billion at current market prices and an additional consideration estimated as providing about $111 million of incremental value, Voyager said in a statement.