Binance and FTX Heading Into a Tiebreaker in Chase for Voyager’s Assets

Cryptocurrency exchanges Binance and FTX have reportedly both put down a bid of around $50 million to acquire the assets of bankrupted crypto lender Voyager Digital.

The Wall Street Journal has spoken to a source familiar to the matter, who did confirm no offers have yet been accepted. The source also said that Binance’s latest bid was somewhat higher than what FTX is willing to pay. After last week’s auction, the odds to win the race looked in favor of Sam Bankman-Fried led exchange FTX. However, this latest report could mean the two are entering a tiebreaker before the final results of the action are expected before September 29.

We reported in July that the two crypto giants, FTX and Binance, were among a group of more than 20 interested parties to acquire Voyager’s assets. After last week’s auction. the odds to win the race looked in favor of Sam Bankman-Fried led exchange FTX.

Both FTX and Binance have not yet released any official statement or commented.