Beleaguered crypto lender Voyager officially rejected the purchase offer it had received from AlamedaFTX. In a court filing that’s part of the company’s bankruptcy proceedings, Voyager questioned the good will of FTX, as well as that of its CEO Sam Bankman-Fried (SBF), who came to be regarded as the white knight rescuing distressed crypto firms and curbing contagion with generous bailouts.
“AlamedaFTX’s cover letter openly disparaged Voyager, and the statements AlamedaFTX made to the public about its proposal are, at best, highly misleading,” Voyager said, adding that Sam Bankman-Fried’s company’s goal was to “generate publicity for itself rather than value for Voyager’s customers.”
“The AlamedaFTX proposal is nothing more than a liquidation of cryptocurrency on a basis that advantages AlamedaFTX,” Voyager assessed. At the same time, the company reiterated that it remains open to “serious” offers.
Voyager’s statement prompted a public response from Sam Bankman-Fried. FTX CEO suggested that his company’s proposal is more beneficial to customers than the official bankruptcy proceedings, which could take years to complete and do not guarantee that holders would be made whole.
According to SBF, those who stood to lose from the offer were “third parties who want to take some of the customer assets as fees,” but the crypto community responded with confusion, hesitating between distrust towards Voyager itself and apprehension about Bankman-Fried's intentions.