Voyager Digital reopens bidding process after FTX files for Chapter 11 bankruptcy

Voyager Digital (OTCPK:VYGVQ) said Friday it is evaluating strategic options after FTX filed for voluntary Chapter 11 bankruptcy and has reopened the bidding process.
The no-shop provisions of the deal between Voyager (OTCPK:VYGVQ) and FTX US are no longer binding.
Voyager (OTCPK:VYGVQ) is in active discussions with alternative bidders.
The cryptocurrency firm clarified that it did not transfer any assets to FTX US in connection with their deal. FTX US had submitted a $5M "good faith" deposit as part of the auction process, which is held in escrow.
Voyager (OTCPK:VYGVQ) added that it recalled loans from Alameda Research for 6.5K bitcoin (BTC-USD) and 50K ether (ETH-USD).
The company currently has no loans outstanding with any borrower.
"At the time of FTX's Chapter 11 filing, Voyager (OTCPK:VYGVQ) maintained a balance of ~$3M at FTX, substantially comprised of locked LUNA2 and locked SRM that it was unable to withdraw because they remain locked and subject to vesting schedules," the firm added.
FTX US made the highest bid, at ~$1.42B, for Voyager (OTCPK:VYGVQ) after multiple rounds of bidding in an auction process that lasted two weeks.