Sam Bankman-Fried Claims Voyager Digital Customers Likely to Get ‘F — ked’
FTX Exchange founder and CEO Sam Bankman-Fried fired back at Voyager Digital on Sunday for rejecting his “low-ball” offer to bail the company out, claiming Voyager customers were likely to get “f-ked” as a result.
“Voyager lost customer assets, but it still has the majority left,” Bankman-Fried wrote in a Sunday Twitter thread. “Why haven’t those been returned to customers yet? Let’s say that Voyager has, remaining, 75 percent of assets (I don’t know the exact number). It seems like the first thing that should happen is that customers get back the 75 percent, and then later get back the rest if anything is recovered from 3AC. But that hasn’t happened yet. Why?
“Well, the *traditional* process is that before customers get their assets back, they get fucked,” he added. “First, there’s a long, drawn out process, during which funds are frozen. It can take years. Remember Mt. Gox? That process is *still going on*. Meanwhile, that entire time, various bankruptcy agents are slowly bleeding the customer’s frozen assets dry with consulting fees. This can cost customers hundreds of millions of dollars by the time all is said and done.”
You can read the rest of this story — and Voyager Digital’s full response to Bankman-Fried — on GoblinCrypto.
Originally published at https://goblincrypto.com on July 24, 2022.
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