The beleaguered crypto lender Voyager Digital Holdings says it received a string of “higher and better” buyout offers than AlamedaFTX’s offer back in July, contrary to the investment firm’s ongoing public statements.

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The company also just received clearance to return $270 million in customer funds held at the Metropolitan Commercial Bank (MCB), by the judge presiding over the New York bankruptcy case.

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In the second day hearing presentation on August 4, Voyager stated that received The word came from 88 stakeholders seeking to save the company from financial trouble, adding that it was in “active discussions” with more than 20 potential stakeholders.

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One of the biggest bids came from Alameda Ventures and FTX in July.

Alameda offered to buy all of Voyager’s assets and outstanding loans, except for the overdue loan from Three Arrows Capital, then liquidate the assets and distribute the funds in US dollars through the US exchange FTX.

This was rejected by Voyager on July 25 on the grounds that it does not “maximize value” for its customers.

The company also noted that through the marketing process, it has already received offers that are “higher and better than AlamedaFTX’s offer”, contrary to AlamediaFTX’s alleged “inaccurate” public statements.

Source: Presentation of the second day of Voyager Digital.

Voyager stated that it also separately sent a cease and desist letter to AlamedaFTX from its “inaccurate” public statements, confirming that AlamedaFTX has no “support” for other bidders.

$270 million in client funds returned

News of other interested bidders comes at the same time that US Bankruptcy Court Judge Michael Wiles gave Voyager full authorization to return some of its clients’ cash deposits.

According to an August 4 Wall Street Journal report, Judge Wiles said Voyager on condition “sufficient reason” to state that customers should have access to an escrow account with the Metropolitan Commercial Bank (MCB), which is believed to hold $270 million in cash.

Voyager’s funds were hidden in a bank account when it filed for bankruptcy on July 5. These funds were frozen when bankruptcy proceedings began.

Deposits with non-banks, including crypto firms, are not insured – FDIC

Voyager Digital CEO Steven Ehrlich mentioned in July, he intended to return customer funds from MCB once the “conciliation and fraud prevention process” was completed, and the firm reportedly asked to release funds in MCB on July 15th.

Voyager’s debt is no more than $10 billion from some 100,000 creditors, but it’s not the only such cryptocurrency brokerage, lender or investment firm that has fallen on hard times for itself and its users. Celsius, Three Arrows Capital, BlockFi and other companies have also become involved in the ongoing saga.