Home » FTX Group’s Self-Serving Buyout Offer Sparks Legal Action

FTX Group’s Self-Serving Buyout Offer Sparks Legal Action

by Carolina Lynch

The FTX Group recently attempted to claw back the repayment of a loan to Voyager Digital, a struggling crypto platform. In response, lawyers representing Voyager filed a list of subpoenas against the FTX Group, including their head of product, Ramnik Aurora. Additionally, the Unsecured Creditors Committee of Voyager Digital also filed their own list of subpoenas against FTX, which included Samuel Trabucco, the former co-CEO of Alameda. The subpoenas are related to FTX’s attempted buyout of Voyager Digital following the latter’s bankruptcy, which Voyager claims was a low-ball bid designed to generate publicity for FTX rather than value for Voyager’s customers. Binance.US is currently in the process of bidding for Voyager Digital’s remaining assets, and if the deal goes through, Voyager customers will recover 51% of their funds. The depositions requested will be served remotely over zoom starting on the 27th of February.

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