On Tuesday, the cryptocurrency exchange FTX deposited 50k ETH to Voyager Digital’s primary wallet. Last month, the cryptocurrency exchange outbid rival cryptocurrency exchange Binance and purchased Voyager Digital assets for $1.4 billion. Additionally, Texas officials are currently looking into FTX Trading, FTX US, and its management, including co-founder Sam Bankman-Fried.
FTX sends Voyager 50k ETH, worth 65M
In a tweet on October 18, Alex Svanevik, CEO of the blockchain analytics platform Nansen, disclosed that FTX had transferred 50K ETH worth $65 Million to the main wallet of the insolvent cryptocurrency lender Voyager Digital.
On September 26, FTX US won an auction to purchase assets from Voyager Digital by outbidding competitors, including cryptocurrency exchange Binance. To consummate the deal, the cryptocurrency exchange delivered digital assets worth $1.4 billion. On October 19, Voyager Digital will submit the asset purchase contract with FTX US for the Southern District of New York’s approval.
The sale of Voyager assets to FTX US is being opposed by the Texas State Securities Board and Texas Department of Banking. In truth, FTX Trading, FTX US, and its officials are under investigation by the authorities for selling unregistered securities to US citizens. Texas authorities think FTX US is providing yield-bearing accounts that are comparable to the yield-bearing depository accounts offered by Voyager Digital. Additionally, the objection prevents FTX from making an effort to reduce the debtors’ liabilities.
But before the court can approve the asset acquisition deal, FTX has suddenly transferred 50K ETH to Voyager. The transfer of funds is probably connected to the $1.4 billion asset purchase, which also included a further $51 million cash payment and $60 million in incentives and earnouts.
FTX Token Dump and Pump (FTT)
Following the news, FTX Token (FTT) experienced a dump and pump. At the time of writing, the FTT price is still fluctuating in a range around $24.
Sam Bankman-Fried, the CEO of FTX, had already announced the launch of FTX v2, which will reduce order latency and double exchange order throughput around Thanksgiving.
Sam Bankman-Fried has additionally expressed interest in purchasing Celsius assets.
