Voyager Digital announced Binance.US won a second bidding procedure after FTX filed for bankruptcy. This opens the door to possible resolution for the platform’s 1.7 million users. Although the company owned billions of dollars of crypto by the end of 2021 a wider market downturn and a number of bad bets including to Three Arrows Capital, and Alameda Research, eroded the firm's capital. According to Reuters, Binance.US is a "de facto sister" of Binance.US, despite its nominal independence. Voyager filed bankruptcy protection after Three Arrows Capital, a crypto hedge fund (3AC), defaulted on a large loan that Voyager had extended to them. Voyager stated in a press release that Binance.US' offer was "the highest and most competitive bid for its assets following a review and strategic options with the primary objective of maximizing customer and other creditors' value within a short timeframe." Binance.US is not officially independent from the Binance international. However, Reuters previously reported that Binance CEO Changpeng Zhao created Binance.US in 2017 to "regulatory inquiry clearinghouse," which was established to capture and address concerns of federal regulators. Voyager users waited to find out what would happen with their crypto. Voyager was one of many FTX acquisition targets that were forced to leave the company's debt trap weeks later. It is unclear how Voyager’s pending acquisition might impact Binance’s stake in the FTX–Alameda bankruptcy. Voyager representatives did not respond immediately to requests for comment.