To stop the domino effect which was caused by the bankruptcies of Celsius, Three Arrows Capital, Terra Luna, and Voyager, FTX crypto exchange’s CEO, a 30-year-old billionaire Sam Bankman-Fried bought Voyager Digital assets for $1.4 billion. This step was intentionally made by him to save the whole crypto world, otherwise, BTC and ETH would collapse anytime soon since they are all interrelated due to loans most of the time.
Voyager has been in public for several years and has plenty of experience in being listed in US exchanges. The company’s new privately held owner, FTX could take a huge advantage right now to start IPO procedures. The collected funds would be allocated for strengthening FTX by supporting the entire crypto market.