HAYVN wants to buy payments business from bankrupt FTX

“We are open to a discussion with their bankers Perella Weinberg as soon as they have the courts approval to proceed.”

Sam Bankman-Fried

HAYVN has announced that it is considering a formal bid for the acquisition of the Payments business of collapsed cryptocurrency exchange FTX.

The institutional digital currency platform focuses on delivering payments, trading, custody, asset management, and research to a global client base, and it is regulated by the ADGM, FINMA, BVI, Austrac, and the CIMA.

“Acquiring FTX Pay will help solidify our position”

As part of its bankruptcy proceedings, FTX will attempt to sell or reorganize many of its businesses. This comes as an opportunity for HAYVN, which could use FTX Pay as a bolt-on to its increasingly dominant HAYVN Pay infrastructure.

HAYVN Pay is a regulated financial network for blockchain-based currencies. The operation has recently signed a strategic partnership with WooCommerce in order to make its payment service available via a plug-in to WooCommerce merchants everywhere.

Christopher Flinos, Chief Executive Officer at HAYVN, said: “We are pleased to learn that some of the FTX business have solvent balance sheets, responsible management, and valuable franchises. Our goal is to ensure that within two years, 75% of the world’s e-commerce and point-of-sale transactions have a cryptocurrency payment option available for the customer. Acquiring FTX Pay will help solidify our position as the global leader in cryptocurrency payment solutions.”

“We are open to a discussion with their bankers Perella Weinberg as soon as they have the courts approval to proceed. We will continue to grow our HAYVN Pay business both organically and through acquisition.”

Binance.US may replace FTX.US as owner of Voyager Digital

Binance.US is making a fresh bid for assets of Voyager Digital, CEO Changpeng “CZ” Zhao said on Thursday. TSX-listed Voyager Digital filed for Chapter 11 bankruptcy nearly four months ago following the crash of major crypto tokens TerraUSD and Luna.

In September, FTX.US won the auction to purchase the assets of Canada’s digital assets broker with a bid of just over $1.42 billion. But the implosion of FTX and its associated entities has left the bankrupt crypto lender without a buyer.

Binance had emerged before as one of the highest bidders for Voyager Digital’s assets. That came after Voyager’s bankruptcy lawyers rebuffed an approach by Bankman-Fried to buy the assets, describing an offer as a “lowball bid dressed up as a white knight rescue”.

Following FTX’s collapse, Voyager reopened the bidding process and its board was reportedly in active discussions with alternative bidders. The company also claims it did not transfer any assets to FTX in connection with the previous sale agreement.

Voyager, which counts more than 100,000 creditors and billions of dollars in liabilities, was caught out by the collapse of crypto hedge fund Three Arrows Capital, suffering losses of more than $650 million.