{"id":497302,"date":"2022-09-30T21:00:00","date_gmt":"2022-09-30T18:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-biz-the-voyager-digital-auction-is-over-what-now\/"},"modified":"2022-09-30T21:00:00","modified_gmt":"2022-09-30T18:00:00","slug":"crypto-biz-the-voyager-digital-auction-is-over-what-now","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-biz-the-voyager-digital-auction-is-over-what-now\/","title":{"rendered":"# Crypto Biz: The Voyager Digital auction is over. What now?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a40fc3407f83\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a40fc3407f83\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-the-voyager-digital-auction-is-over-what-now\/#%E2%80%9D_Crypto_Biz_The_Voyager_Digital_auction_is_over_What_now_%E2%80%9C\" >&#8221; Crypto Biz: The Voyager Digital auction is over. What now?  &#8220;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-the-voyager-digital-auction-is-over-what-now\/#FTX_US_wins_auction_for_Voyager_Digitals_assets\" >FTX US wins auction for Voyager Digital\u2019s assets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-the-voyager-digital-auction-is-over-what-now\/#Voyages_auction_did_not_serve_depositors_best_interests_alleges_Wave_Financial_rep\" >Voyage\u2019s auction did not serve depositors\u2019 best interests, alleges Wave Financial rep<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-the-voyager-digital-auction-is-over-what-now\/#Pantera_plans_to_raise_125B_for_second_blockchain_fund_Report\" >Pantera plans to raise $1.25B for second blockchain fund: Report<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-the-voyager-digital-auction-is-over-what-now\/#Celsius_CEO_Alex_Mashinsky_resigns\" >Celsius CEO Alex Mashinsky resigns<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-biz-the-voyager-digital-auction-is-over-what-now\/#Before_you_go_What_impact_will_the_collapsing_British_pound_have_on_crypto\" >Before you go: What impact will the collapsing British pound have on crypto?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Crypto_Biz_The_Voyager_Digital_auction_is_over_What_now_%E2%80%9C\"><\/span>&#8221; Crypto Biz: The Voyager Digital auction is over. What now?  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvODZmYzdmOWYtYjZlNi00ZWVjLWI1ZjktYmU5MDkzNWUxYWFhLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-6ebd806f>Voyager Digital filed for Chapter 11 bankruptcy in July after its exposure to the toxic Three Arrows Capital led to its ultimate downfall. This week, rumblings of a Voyager Digital auction surfaced, with Cointelegraph breaking the story on the afternoon of Sept. 26 after a reputable source confirmed the parties involved. A few hours later, a winner was announced \u2014 crypto exchange FTX US. But, not everyone is convinced that Voyager\u2019s depositors will be taken care of.<\/p>\n<p>This week\u2019s Crypto Biz chronicles the bidders involved in the Voyager Digital auction. We also document the resignation of a disgruntled crypto boss and major funding plans from a blockchain-focused hedge fund. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"FTX_US_wins_auction_for_Voyager_Digitals_assets\"><\/span>FTX US wins auction for Voyager Digital\u2019s assets<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Cointelegraph reported this week that crypto exchanges FTX, Binance and CrossTower were competing to acquire the assets of beleaguered crypto lender Voyager Digital. A few hours later, it was confirmed that FTX US had secured the winning bid for around $1.3 billion. The acquisition means that existing Voyager users can access funds through FTX US once the crypto lender\u2019s Chapter 11 case concludes. Voyager is just one of several distressed crypto firms to implode during this year\u2019s bear market. Its fate was tied to the catastrophic downfall of Three Arrows Capital, which failed to repay $650 million to the lender. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Today, after a competitive auction aimed at returning maximum value to customers, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/FTX_Official?ref_src=twsrc%5Etfw\">@FTX_Official<\/a> US was selected as the highest and best bidder. Press release linked below. More information about what this agreement means for customers to follow.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/OmOd7pvSza\">https:\/\/t.co\/OmOd7pvSza<\/a><\/p>\n<p>\u2014 Voyager (@investvoyager) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/investvoyager\/status\/1574582033363644416?ref_src=twsrc%5Etfw\">September 27, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Voyages_auction_did_not_serve_depositors_best_interests_alleges_Wave_Financial_rep\"><\/span>Voyage\u2019s auction did not serve depositors\u2019 best interests, alleges Wave Financial rep<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>FTX US may have won the auction for Voyager\u2019s assets, but the outcome didn\u2019t serve depositors\u2019 best interest, according to a Wave Financial representative. In an exclusive interview with Cointelegraph, the representative for the Los Angeles-based asset management firm confirmed that Wave was also in the mix to acquire Voyager\u2019s assets. They claimed that their proposal was better because it sought to \u201crestore value in the VGX token via new and improved utility, saving $200 million worth of funds and redistributing assets back to existing Voyager customers.\u201d What\u2019s done is done, but Wave certainly made a compelling offer. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"Pantera_plans_to_raise_125B_for_second_blockchain_fund_Report\"><\/span>Pantera plans to raise $1.25B for second blockchain fund: Report<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Crypto-focused hedge fund Pantera Capital remains uber bullish on digital assets. According to CEO Dan Morehead, the company is \u201cvery bullish for the next 10 or 20 years\u201d and is prepared to put its money where its mouth is. The company disclosed this week that it plans to raise a whopping $1.25 billion for its second blockchain fund. If all goes according to plan, the fund will achieve its target by May 2023. If you\u2019re committed to Bitcoin (BTC) and digital assets like Morehead, the next six to 12 months will surely test your resolve. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Pantera Capital is seeking $1.25 billion for its second blockchain fund, founder Dan Morehead says  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/H5AXy55hqa\">https:\/\/t.co\/H5AXy55hqa<\/a><\/p>\n<p>\u2014 Bloomberg Crypto (@crypto) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/crypto\/status\/1575087113665658880?ref_src=twsrc%5Etfw\">September 28, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Celsius_CEO_Alex_Mashinsky_resigns\"><\/span>Celsius CEO Alex Mashinsky resigns<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The faster they rise, the harder they fall. Celsius Network, once the darling of the CeFi industry with over $20 billion in assets at its peak, filed for bankruptcy in July. Its CEO, Alex Mashinsky, officially relinquished his role on Tuesday. While Mashinsky has attempted to revive the company through restructuring, he claims that his presence has served as a \u201cdistraction\u201d more than anything. \u201cI regret that my continued role as CEO has become an increasing distraction, and I am very sorry about the difficult financial circumstances members of our community are facing,\u201d he said in a press release. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"Before_you_go_What_impact_will_the_collapsing_British_pound_have_on_crypto\"><\/span>Before you go: What impact will the collapsing British pound have on crypto?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The British pound plunged this week to its lowest-ever level against the U.S. dollar. Investors in the crypto space are perplexed as to why the Great British pound sold off so sharply. They\u2019re even more curious about what this could mean for Bitcoin and digital assets as a whole. In this week\u2019s Market Report, Cointelegraph analysts dissect the pound\u2019s <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>arent fall from grace and how this could influence investor sentiment moving forward. You can watch the full replay below.<\/p>\n<p><iframe loading=\"lazy\" title=\"The British pound collapse and its impact on cryptocurrency\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/y2H9J9hf7ko?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>Crypto Biz is your weekly pulse of the business behind blockchain and crypto delivered directly to your inbox every Thursday.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-biz-the-voyager-digital-auction-is-over-what-now\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Crypto Biz: The Voyager Digital auction is over. What now? &#8220; Voyager Digital filed for Chapter 11 bankruptcy in July after its exposure to the toxic Three Arrows Capital led to its ultimate downfall. This week, rumblings of a Voyager Digital auction surfaced, with Cointelegraph breaking the story on the afternoon of Sept. 26&#8230;<\/p>\n","protected":false},"author":1,"featured_media":497303,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDkvODZmYzdmOWYtYjZlNi00ZWVjLWI1ZjktYmU5MDkzNWUxYWFhLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74860,132789,80823,4978,117],"class_list":["post-497302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrency-exchange","tag-hedge-fund","tag-pantera-capital","tag-bankruptcy","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/497302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=497302"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/497302\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/497303"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=497302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=497302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=497302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}