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CZ confirms: Binance will bid again for US Voyager assets

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Changpeng Zhao said that since FTX will not be able to honor its commitment to buy Voyager and its assets, Binance US will be back on the table.

He also reiterated a previous statement that despite their appearance, Binance is not a Chinese company.

Binance US is bidding on Voyager again

The crypto winter that started earlier this year and was greatly accelerated by the collapse of Terra has led to many problems for many companies in the industry, with some having to file for bankruptcy, including Voyager.

Seeking at least a partial solution for its clients, the ailing cryptocurrency lender auctioned off its assets. The two favorites to win the bid were the two US affiliates of FTX and Binance, with the US arm of the former winning out.

Given what happened to FTX, Alameda Research and FTX US, the once SBF-led exchange had to pull out of the deal. However, Binance will resume its bid for Voyager, according to Manager – CZ.

After blaming the rumors of Binance US having security issues on FTX, the exec insisted his exchange acquired “a number of companies” in the US without any regulatory issues. Therefore, it “now intends to make another offer for Voyager as FTX can no longer honor its commitment.”

Binance will strive for it Raise CZ said $1 billion is needed to buy assets from Voyager and other struggling crypto companies.

Separately, Binance’s CEO reiterated that the exchange is not a Chinese company and felt he should repeat it over and over “just because I look Chinese”.

Also read  US Senate Hearings Will Discuss FTX, New York Bans Proof of Work and FTX Evaluates Its Assets: Hodler's Digest, Nov. 20-26

FTX is huge

Speaking about the spectacular collapse of FTX and Binance’s role in it, CZ said he takes some of the blame as it took him a long time to tweet the statement that was the first to push dominoes. Recall that Zhao said that Binance was planning to remove its entire stack of FTT tokens after it became known that Alameda and FTX were highly exposed to it.

“I think as an industry we let FTX get too big before we started questioning some of those things.” – cz noted,

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source: cryptopotato.com

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