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Seeking Alpha 2022-09-07 19:23:56

Crypto brokerage Voyager Digital to liquidate assets via auction next week

As it moves through its restructuring process, troubled cryptocurrency brokerage Voyager Digital (OTCPK:VYGVQ) is set to auction off the rest of its asset on September 13, according to a recent court filing.Bids submitted for the auction, the results of which will become final during a court hearing on September 29, were due on September 6, the filing read.While the bidders' identities were not revealed, crypto exchanges FTX and Binance showed interest in taking over the insolvent lender in recent weeks.Nevertheless, "multiple bids were submitted as part of the company’s" Chapter 11 bankruptcy procedure, Voyager wrote in a Twitter post.Previously, (Aug. 26) VGX tokens extend rally in wake of sales process for Voyager Digital's assets.

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