Update: FTX US Wins Auction of Voyager's Assets with About $1.422 Billion Bid

Voyager announced that after multiple rounds of bidding, it has selected FTX US' bid as the highest and best bid for its assets. The Official Committee of Unsecured Creditors ("UCC") participated actively in the competitive auction and supports FTX US's winning bid.

FTX US's bid is valued at approximately $1.422 billion, comprised of the fair market value of all Voyager cryptocurrency at a to-be-determined date in the future, which at current market prices is estimated to be $1.311 billion, plus additional consideration that is estimated as providing approximately $111 million of incremental value. The Company's claims against Three Arrows Capital remain with the bankruptcy estate, which will distribute any available recovery on such claims to the estate's creditors. The asset purchase agreement between Voyager Digital LLC and FTX US will be presented for approval to the United States Bankruptcy Court for the Southern District of New York on Wednesday, October 19, 2022.

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