Cryptocurrency exchange FTX won its bid to buy the assets of Voyager ($VYGVQ@US). FTX’s bid is valued at approximately $1.4 billion, according to a Voyager press release. Voyager, a crypto lender, filed for bankruptcy in July. Voyager was under scrutiny for its claims that investors' deposits were protected by Federal Deposit Insurance Corporation (FDIC) insurance. While FDIC insurance would protect bank-held cash deposits up to $250,000, it would not cover cash converted to stablecoins.
