Voyager’s assets have not been transferred to FTX

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  • Voyager’s Committee of Unsecured Creditors (UCC) has said Voyager has not yet transferred any assets to FTX.
  • The committee tweeted that the deal to let the bankrupt cryptocurrency lender sell its assets to Sam Bankman-Fried’s FTX has not yet been finalized.

Voyager, the bankrupt cryptocurrency lender that was in the process of selling its assets to FTX, has yet to transfer assets to the beleaguered crypto exchange.

The Voyager token VGX, which rose significantly when it was first revealed that FTX would acquire the crypto lender’s assets, traded nearly 14% higher on Thursday afternoon (3pm ET). The FTX token was also up 8% at the time, with gains amid a broader market uptrend.

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Voyager has yet to sell assets to FTX

According to an pronunciation from Voyager’s Official Committee of Unsecured Creditors (UCC), the recent approval that allows FTX to purchase Voyager assets after winning a previous promotion is “not completed.”

We want to clarify that the FTX/Voyager transaction was not completed. Voyager has not transferred any crypto or other assets to FTX in connection with the transaction,” reads part of the statement the commission tweeted on Thursday.

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As a result of developments related to FTX, the UCC says it will take all necessary steps in its quest to protect creditors. The team is currently evaluating all available options, they noted.

The UCC’s announcement on Thursday comes in the wake of FTX’s cessation of client withdrawals amid a liquidity crisis.

It also follows reports that Sam Bankman-Fried irresponsibly moved billions of dollars in client funds to Alameda Research, the trading arm of the crypto exchange that has reportedly blown everything up.

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Alameda reportedly owes $10 billion FTX, while Bankman-Fried has noted that the stock market is in need of $8 billion in emergency relief.