FTX Wins Auction for Bankrupt Crypto Broker Voyager Digital’s Assets

Sam Bankman-Fried’s crypto exchange FTX won an auction for the assets of Voyager Digital with a purchase price of around $50 million, according to people familiar with the matter.

The deal follows a competitive process that lasted two weeks, Voyager said in a statement Monday. FTX and competing crypto exchange Binance had both made bids near $50 million, The Wall Street Journal reported earlier this month.