Binance CEO CZ Confirms Plan To Restart Bid For Bankrupt Crypto Lender Voyager

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In a recent interview with Bloomberg TV, Binance CEO Changpeng "C.Z." Zhao spoke on his plans to relaunch a bid for bankrupt crypto lender Voyager. This development comes as a response to Voyager's decision to reopen its bidding process following the crash of the FTX exchange.

On this subject, C.Z. stated,

Binance.US will make another bid for Voyager now, given FTX is no longer able to follow through on that commitment. 

If the bid is accepted and the acquisition is complete, Voyager will become a part of Binance. U.S. Voyager users will be thrilled to have their crypto lending platform join the Binance ecosystem.

Among other things, the potential acquisition will allow current users to recover some of their assets. According to previous predictions, users are expected to recover up to 72% of their assets in the event of an FTX takeover.  

However, such hopes were dashed with the collapse of that crypto exchange. Current developments will revive such hopes. As things stand, users can expect to recover some assets if Binance and Voyager merge. At this point, we cannot provide a percentage of such recoveries.

Despite the deal's potential benefits, many have expressed concern about its completion. These concerns revolve around the nationality of Changpeng Zhao, the Binance CEO. 

Due to his status as a Chinese national, some view this potential acquisition as a threat to the United States national security. Concerning such fears, C.Z. had previously pointed out that he is a Canadian. In a post on the Binance blog, Zhao stated, "I am a Canadian citizen, period," 

In his interview with Bloomberg TV, C.Z. spoke on national security concerns. He stated:

I think the U.S. national security concerns were rumors spread by FTX to try and push us out of the bid," He also noted that: "There was never any concerns about us participating in the bid.

He reaffirmed this sentiment in a tweet featuring the Bloomberg interview.

Written by
Trust Akpobome

In a recent interview with Bloomberg TV, Binance CEO Changpeng "C.Z." Zhao spoke on his plans to relaunch a bid for bankrupt crypto lender Voyager. This development comes as a response to Voyager's decision to reopen its bidding process following the crash of the FTX exchange.

On this subject, C.Z. stated,

Binance.US will make another bid for Voyager now, given FTX is no longer able to follow through on that commitment. 

If the bid is accepted and the acquisition is complete, Voyager will become a part of Binance. U.S. Voyager users will be thrilled to have their crypto lending platform join the Binance ecosystem.

Among other things, the potential acquisition will allow current users to recover some of their assets. According to previous predictions, users are expected to recover up to 72% of their assets in the event of an FTX takeover.  

However, such hopes were dashed with the collapse of that crypto exchange. Current developments will revive such hopes. As things stand, users can expect to recover some assets if Binance and Voyager merge. At this point, we cannot provide a percentage of such recoveries.

Despite the deal's potential benefits, many have expressed concern about its completion. These concerns revolve around the nationality of Changpeng Zhao, the Binance CEO. 

Due to his status as a Chinese national, some view this potential acquisition as a threat to the United States national security. Concerning such fears, C.Z. had previously pointed out that he is a Canadian. In a post on the Binance blog, Zhao stated, "I am a Canadian citizen, period," 

In his interview with Bloomberg TV, C.Z. spoke on national security concerns. He stated:

I think the U.S. national security concerns were rumors spread by FTX to try and push us out of the bid," He also noted that: "There was never any concerns about us participating in the bid.

He reaffirmed this sentiment in a tweet featuring the Bloomberg interview.

Written by
Trust Akpobome