SBF has leveled fresh accusations against Voyager.
FTX chief Sam Bankman-Fried has lashed out at the troubled crypto lender after its lawyers rejected the buyout offer. He said Voyager still has 75% of its assets and questioned why hasn’t the company returned any of the funds to its clients yet. He also went on to speculate that the lawyers may want to churn more money out of customer pockets by dragging out the bankruptcy process.
SBF said it is the customers that end up losing in a “traditional” process before getting their assets back due to the long, drawn-out process during which the funds remain frozen. “See, if a customer had 1 BTC on the platform, and BTC was worth $30k… and then it takes years to go through bankruptcy… what do they get back? 1 BTC, or $30k? Probably, whichever is worth less. So the longer the process drags out, the more optionality customers lose.”“If a customer had $100 on the platform, a third party would pay $10 for it, get whatever funds remained , and then the customer… gets back $10.
With the bankruptcy process getting “dragged on,” the clients will have to keep paying the Voyager consultants additional charges from their pockets. SBF said the proposed bailout deal made by FTX, FTX US, and Alameda collectively was to ensure that the customers do not end up losing any more funds.The CEO believes the offer would allow customers “get the remaining assets back right away,” with no fees or additional haircuts.
It also stated that Alameda and FTX violated many obligations to the Debtors and the Bankruptcy Court by publicly posting the press release of the proposal and added that the process might harm customers even more.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Voyager: ‘No Customer Will Be Made Whole’ Under FTX ProposalFTX CEO Sam Bankman-Fried said his firm's offer would give Voyager customers back 100% of the remaining assets, while Voyager’s lawyers argue that it only benefits FTX.
Weiterlesen »
FTX Boss Addresses SEC-Coinbase DramaSome of the cryptocurrencies are securities, according to the boss of one of the largest cryptocurrency exchanges
Weiterlesen »
Quantitative trading firm Susquehanna will follow FTX to the BahamasThe move would put the firm in close proximity to the headquarters of FTX and its founder Sam Bankman-Fried.
Weiterlesen »
FTX to Help Voyager Customers, CEO Says Firm Willing to Deploy 'Hundreds of Millions' to Help Crypto Industry – Bitcoin NewsSpeaking to CNBC, Sam Bankman-Fried said FTX was willing to help the crypto industry with “hundreds of millions.”
Weiterlesen »
Voyager filing says FTX, Alameda proposal has 'misleading or outright false claims'Bankrupt firm Voyager claimed that a recent proposal from FTX Trading and Alameda had 'misleading or outright false claims.'
Weiterlesen »
Voyager rejects Alameda buyout offer as it 'harms customers'Lawyers representing Voyager Digital Holdings in its bankruptcy proceedings rejected a proposal from FTX and Alameda Ventures to buy out its digital assets and loans, and believe their own recovery proposal serves customers better.
Weiterlesen »