Binance Prepares Another Bid for Bankrupt Crypto Lender Voyager

Changpeng 'CZ' Zhao, Chief-Executive Officer (CEO) of Binance, the world's largest crypto exchange by volume, confirmed his plan to again acquire the insolvent crypto lending platform, Voyager.

"Binance.US will make another bid for Voyager now, given FTX is no longer able to follow through on that commitment," he said.

In September, both Binance and FTX have made the top bids of around $50 million for Voyager, with FTX winning the auction. However, the deal ended​ after FTX went bankrupt.

Besides, an earlier acquisition proposal made by Binance was held back over concerns that the takeover might pose a national security threat to the US government.

"I think the U.S. national security concerns were rumors spread by FTX to try and push us out of the bid," Zhao said. "There was never any concerns about us participating in the bid."

The crypto firm has been dogged by allegations that it is a Chinese company.

"Binance is not a Chinese company. We are not related to China at all. The company is mistakenly believed to be Chinese because I look Chinese," CZ noted. "I am a Canadian citizen.”