News broke on Friday that FTX Trading Ltd., owner of crypto exchange FTX, has announced a joint offer with West Realm Shires Inc., the owner of FTX US, and Alameda Ventures Ltd. to provide liquidity to customers of Voyager Digital Ltd. VYGVQ.
FTX CEO Sam Bankman-Fried shared his thoughts Twitter Inc TWTR with the official announcement:
happy to do what we can to get liquidity to Voyager's customers: https://t.co/zDtGMfGq64 https://t.co/MdoIfU229B
The deal does not include the investors or creditors of Voyager Digital, but the customers who filed a claim against Voyager will be able to open an already-funded account on FTX with a portion of their bankruptcy claims.
Customers will then be able to withdraw the funds immediately or use them to purchase cryptocurrency on the FTX website.
FTX hopes to close the transaction by early August, subject to court approval.
Check out some of the reactions on Twitter below:
This tweet shared an image showing Bankman-Fried propping up the crypto markets.
Disclosure: Benzinga CEO Jason Raznick Is a member of the unsecured creditor committee in the Voyager Digital bankruptcy case.
Photo: Sam Bankman-Fried, FTX YouTube video screenshot
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