Sources: FTX, Binance, and CrossTower are competing to acquire Voyager

Chain Catcher news, according to details released by former investment banker and angel investor Simon Dixon, cryptocurrency exchanges FTX, Binance, and CrossTower are competing to acquire the bankrupt assets of Voyager Digital, each proposing their own terms and conditions for the acquisition.

Both FTX and Binance have proposed to provide approximately $50 million in cash for Voyager's assets, with Voyager customers receiving a proportionate distribution of crypto assets and fully transitioning to the FTX and Binance platforms; CrossTower has proposed to retain the existing Voyager platform and application, allowing current customers to remain on the existing platform without transition, and customers will also receive a proportionate share of assets. CrossTower's acquisition plan will also allow the exchange to share its years of revenue with Voyager customers.

Insiders have also revealed that regulation may play a significant role in determining who wins the auction. The UK's Financial Conduct Authority (FCA) recently warned that FTX is operating without authorization. Meanwhile, in the United States, the Committee on Foreign Investment may not allow Binance to acquire Voyager. According to previous reports, the bids of $50 million from both Binance and FTX to acquire Voyager's assets were rejected. (Cointelegraph)