Voyager Digital to Liquidate Assets at Auction Scheduled on September 13

Two months after declaring bankruptcy, Voyager Digital will sell off its remaining assets in an auction scheduled for the following week. The auction will take place on September 13 at 10 am ET at the New York office of Voyager’s investment banker Moelis & Company, according to a court document submitted on Tuesday. On September 29 at 2:00 pm ET, they will reveal the outcome during a court proceeding. Voyagers, we want to let you know that multiple bids were submitted as part of the company’s restructuring process. As a result, an auction is scheduled for September 13th. (1/3) — Voyager (@investvoyager) September 7, 2022 Voyager Digital To Liquidate Assets Voyager Digital must have had more than one significant offer for its assets by holding an auction. The first step for customers to get their money back from the brokerage’s platform would be to select the best bidder. In bankruptcy auctions, a debtor may choose to enable outside bidders to compete for its possessions to liquidate its debt. The external parties see this as a chance to purchase expensive assets for less money. After the auction, the money usually goes to the creditors. According to Voyager’s attorneys, 88 parties were interested and had contacted the company. After the bid deadline was moved from August 26 to September 6, there might have been more. It was engaged in conversations with 22 parties at the time. The lender hasn’t revealed whose companies have ex...