Lawyers representing bankrupt crypto lender Voyager Digital have responded to a proposal by FTX to offer early liquidity to Voyager customers by calling it a "low-ball bid dressed up as a white knight rescue" that only benefits FTX.
FTX is conveniently leaving out the money owed by 3AC - $670 million - from the deal they offered. I think it’s fair to say that’s a lowball offer seeing as 3AC was Voyagers largest loan counterparty.
Meanwhile FTX gets to expand their empire on the cheap. Never trust a guy called “BankMan.”
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