Texas Securities Regulators and Attorney General Object to FTX Purchasing Voyager Digital
Regulators from the state of Texas and the state’s attorney general are objecting to FTX purchasing Voyager Digital, as the state’s securities commissioner needs to “determine whether FTX US is complying with the law.” Texas State Securities Board, Department of Banking, and Attorney General File Objection Against FTX Buying Voyager Digital According to a bankruptcy court document filed on October 14, 2022, the Texas State Securities Board (SSB), the Texas Department of Banking, and the Texas attorney general are objecting to FTX’s solicitation of Voyager Digital. FTX, the exchange led by the crypto billionaire Sam Bankman-Fried, bid to purchase Voyager Digital and its assets for $1.4 billion. The news follows Bankman-Fried’s statements before the purchase when he said the company was prepared to deploy billions on acquisitions. Before the attempt to purchase Voyager, Bankman-Fried and FTX further announced at the end of July, that he was “happy to do what we can to get liquidity...