A court as approved of FTX US buying Voyager's assets for ~1.4B following their Chapter 11 bankruptcy. This was conducted through an auction process that was described as highly-competitive. The deal was done regarding the assets at their fair market value of 1.3B with FTX "sweetening the pot" by putting up another 111 million for "additional considerations".
Customers will receive their compensation in crypto or fiat, however only if customers choose to transition to FTX's own platform will they receive their sum in crypto. So SBF finds a sneaky way to onboard more customers.
This is all just the court-approved go-ahead plan for now. Voyager stated that it would seek a higher bid for VGX but would accept the FTX US bid if it is unable to identify a higher offer for it.
https://coinfomania.com/court-approves-ftx-uss-1-4b-agreement-to-purchase-voyagers-assets/
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