Among the many shadows ticks Voyager, whose token, VGX registers excellent performance following a rumor later confirmed let out first by Reuters news agency.
Crypto: the story of Voyager
A month and a half ago Voyager had been the subject of contention between FTX and Zhao’s giant, Binance.
The affair had ended in favor of FTX and all seemed to be done, but recent events have shuffled the cards unexpectedly.
FTX, not only had beaten Binance in the proposed purchase, but also Wave Financial.
The offer had been for $1.4 billion, but it all fell through following FTX’s use of Chapter 11 a few days ago, which essentially saved it from the capital flight it had incurred due to its carelessness in hedging.
Voyager wanted to protect itself from the affair with FTX by filing for legal protection.
With a bankruptcy protection filing made in July for possible contagion from the affairs of the well-known exchange platform, it cited more than 100,000 creditors and $10 billion in assets and liabilities.
Voyager Digital’s VGX token appreciated 55 percent by quoting $0.45 on Thursday when CoinDesk leaked information that Binance is attempting a new takeover bid now that the company is back on the market.
VGX with the recorded value touches the highest level since October 21 despite having left 95% of its total value on the field since the beginning of the year.
According to leaked reports, CZ is ready with Scales to make a new bid to acquire the company that has been in bad waters for a few months now.
If the deal goes through in a month and a half, Binance would get the incorporation of Voyager into its ranks just as a consequence of FTX’s bankruptcy, moreover at a lower price and with the possibility of gaining substantial capital from the token that would predictably increase its market value.
Some analysts go so far as to believe that VGX could make up all the ground lost in 2022 by returning to late 2021 values.
Source: https://en.cryptonomist.ch/2022/11/18/crypto-voyager-saved-twice/