Tuesday, November 29, 2022
 

Voyager Digital’s Chief Financial Officer To Exit The Company

  • Voyager CFO Ashwin Prithipaul exists company after just four months.
  • The crypto lender filed for bankruptcy back in July.
  • FTX and Binance have made the highest bids on the lender’s assets.

Ashwin Prithipaul, the chief financial officer of the bankrupt cryptocurrency lender Voyager Digital, is going to leave the company after a switchover time to seek other possibilities, the firm stated on Friday. Stephen Ehrlich, the CEO of Voyager, will take over Prithipaul’s responsibilities during the interim period.

As the crypto market crashed this year, Voyager was one of the most well-known cryptocurrency companies to go bankrupt. In July, the company filed a petition for protection under Chapter 11 of the United States Bankruptcy Code, citing potential liabilities of up to $10 billion.

Prithipaul had just been serving as Voyager’s CFO since the month of May. He  most recently also held the position of CFO at the cryptocurrency exchange DriveDigital for a period of nine months before his short-term employment at Voyager.

In related developments, according to recent reports, the cryptocurrency exchanges Binance and FTX have placed the highest offers of around 50 million dollars each for the assets of the defunct cryptocurrency loan company.

According to a story published by the Wall Street Journal, which cited persons familiar with the subject, the current bid being presented by Binance is somewhat more than the one being presented by FTX.

Wave Financial, a digital asset management, and CrossTower, a trading platform, are said to be among the other potential bidders.

According to a court filing, the company has also requested authorization from a federal bankruptcy court in New York to “unwind” a loan of $200 million that it had previously given to a trading business called Alameda Research.

  • Voyager CFO Ashwin Prithipaul exists company after just four months.
  • The crypto lender filed for bankruptcy back in July.
  • FTX and Binance have made the highest bids on the lender’s assets.

Ashwin Prithipaul, the chief financial officer of the bankrupt cryptocurrency lender Voyager Digital, is going to leave the company after a switchover time to seek other possibilities, the firm stated on Friday. Stephen Ehrlich, the CEO of Voyager, will take over Prithipaul’s responsibilities during the interim period.

As the crypto market crashed this year, Voyager was one of the most well-known cryptocurrency companies to go bankrupt. In July, the company filed a petition for protection under Chapter 11 of the United States Bankruptcy Code, citing potential liabilities of up to $10 billion.

Prithipaul had just been serving as Voyager’s CFO since the month of May. He  most recently also held the position of CFO at the cryptocurrency exchange DriveDigital for a period of nine months before his short-term employment at Voyager.

In related developments, according to recent reports, the cryptocurrency exchanges Binance and FTX have placed the highest offers of around 50 million dollars each for the assets of the defunct cryptocurrency loan company.

According to a story published by the Wall Street Journal, which cited persons familiar with the subject, the current bid being presented by Binance is somewhat more than the one being presented by FTX.

Wave Financial, a digital asset management, and CrossTower, a trading platform, are said to be among the other potential bidders.

According to a court filing, the company has also requested authorization from a federal bankruptcy court in New York to “unwind” a loan of $200 million that it had previously given to a trading business called Alameda Research.

 

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