After the abandonment of the takeover of the assets of Voyager Digital by FTX, CZ confirmed that Binance.US would make its offer for an acquisition. He also returned to the Chinese origins of Binance.

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Binance.US interested in Voyager Digital

If there is a community that should feel aggrieved in FTX’s bankruptcy, they are the customers of Voyager Digital. And for good reason, after many twists and turns concerning the rescue of the platform, FTX.US had to buy back the assets of the exchange for 1.4 billion dollars. It goes without saying that since recent episodes, this operation fell through :

Voyagers, in light of recent events and reports regarding FTX US, the customer vote will be canceled and the proposed sale will not move forward. We are in active discussions with several alternative bidders.

We will keep you updated on reorganization efforts.

— Voyager (@investvoyager) November 16, 2022

Rumors naturally turned to Binance as early as last week, regarding a possible takeover of the platform. In an interview with Bloomberg, Changpeng Zhao (CZ) has since confirmed that Binance.US will renew its offer to Voyager Digital :

“Binance is not a Chinese company, we are not related to China at all.”

CEO Changpeng “CZ” Zhao (@cz_binance), who is considering a bid for assets of bankrupt crypto firm Voyager, said on @BloombergTV his company is mistakenly believed to be Chinese “because I look Chinese” pic.twitter.com/Wqos9XTeW5

—Bloomberg Crypto (@crypto) November 24, 2022

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The question of the Chinese origin of Binance

Diplomatic relations between Beijing and Washington are not the most peaceful and therefore the United States is not always open the takeover of an American company by a Chinese company. But the case of Binance is difficult to grasp.

If it is commonly accepted that the company is from China, the exact location of the parent company sometimes struggles to achieve consensus. On his side, Changpeng Zhao explicitly asserted that Binance is unrelated to China and accused FTX of fueling rumors to win the initial bid:

“First, I think the US national security concerns were rumors spread by FTX to try to exclude us from the bid. […] Binance is not a Chinese company, we are not related to China at all. It comes up often, because I look like a Chinese, but I became Canadian 40 years ago. »

Beyond the financial aspect, we also notice that geopolitics also has its say in cases of this magnitude.

Whatever the exact position of the platform, the potential takeover of Voyager would however be made by the American branch Binance.US. In addition, note that if FTX is a company registered in the Bahamas, it was also a few years ago affiliated with China due to a global headquarters located in Hong Kong in the past.

Pending the outcome of these negotiations, Voyager Digital customers will have to continue to wait before seeing the full release of their funds.

👉 Also in the news – With 10% of all BTC, Coinbase silences provocations by Changpeng Zhao (CZ)

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I timidly discovered the world of blockchain at the end of 2018 during my quest for financial freedom. Initially invested moderately, it was only two years later that I took the gamble of betting everything on the movement that was taking shape then. I then dedicate 2021 to training myself better to acquire more knowledge and seriousness. As I often like to say: I still have a billion things to learn. And what I do know, I want to share with you.

Vincent Mayor

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