The cryptocurrency debacle contributed to the bankruptcy of Voyager

The billionaire-founded Freed’s digital asset exchange, FTX US, has won an auction to sell the assets of defunct crypto brokerage Voyager Digital Ltd.

The sale and purchase agreement will be submitted to the court for approval on October 19.

The total market value of all cryptocurrencies on the bankrupt platform and an additional repayment of around $111 million make up the $1.4 billion value of the arrangement.

Earlier this year, FTX promoted the BlockFi cryptocurrency platform and looked into acquiring Bankman-Fried-owned Robinhood Markets Inc.

A source familiar with the transaction claims that FTX is currently raising $1 billion in a capital round that has not yet been closed or made public.

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