Voyager Releases A Letter of Rejection Offer From FTX
Voyager Releases A Letter of Rejection Offer From FTX. In the recent news, Voyager has decided not to take FTX’s offer to help the customers. Instead, they state that it would harm customers.
FTX’s Offer
A few days ago, FTX’s CEO made a press release regarding the intention of FTX to help Voyager’s customers get back their digital assets. These digital assets are still on the customers’ accounts following Voyager’s bankruptcy.
Related: FTX Will Help Voyager Customers to Get Back Their Digital Assets
The Rejection
Voyager has given a hard rejection for the proposal as they said it would harm customers. In the rejection letter on Sunday, Voyager added that it would only benefit FTX and Alameda Ventures. There are a few reasons why it would not work effectively. One of them is “AlamedaFTX Proposal was made chills bidding and undermines efforts to maximize the value that inherent in a competitive process.”
Furthermore, the way customers can choose to receive their cash from FTX or retain the claims would disadvantage customers who “choose not to participate in what Voyager believes is a value-weaking proposition.”
You have all heard the terms "hero," "bailout," "rescue," and "help" in reference to FTX saving distressed companies. Voyager, one of the aforementioned companies, disagrees – they think that SBF's deal is extremely predatory and will actually hurt customers even more. https://t.co/l726t4U4RR pic.twitter.com/NeARz3lRiP
— FatMan (@FatManTerra) July 24, 2022
FTX’s Sam Bankman-Fried Thread on Twitter
Following the rejection, the CEO of FTX published some of his thoughts on Twitter. He made a thread on his views about what happened and how FTX would help Voyager’s customers. He stated, “We think Voyager’s customers should have the right to quickly claim their remaining assets if they want, without rent-seeking in the middle.”
1) Voyager lost customer assets, but it still has the majority left.
Why haven't those been returned to customers yet?
Sad facts from a bankruptcy process.
— SBF (@SBF_FTX) July 25, 2022
The latest news has taken the community’s attention as people are curious about what would happen next, especially with Voyager’s customers.
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