Insolvent crypto lender Voyager Digital’s assets are being bid on by Binance and FTX for roughly $50 million, according to sources familiar with the matter. The report indicates that neither offer has been accepted yet.
Binance’s current bid is slightly higher than FTX’s, according to the sources.
CoinDesk previously reported that FTX and Binance were in the hunt to acquire Voyager’s assets in the bankruptcy auction, which was held last week in New York. Final results of the auction are expected to be announced on Sept. 29, although an announcement could come earlier.
Neither Binance nor FTX responded immediately when asked to comment for this report.
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