Crypto exchange CrossTower is investing resources on a revised offer for the assets of bankrupt crypto lender Voyager Digital. 

Specifically, Voyager reportedly issued an official announcement regarding the reopening of its bidding process, following FTX US, the original winner in the bid, submitted a filing for bankruptcy in America on Nov. 11.

“We are working on a revised offer that we feel will benefit the Voyager customers and the wider Crypto community. CrossTower has always been, and will continue to be, very community-focussed,” the spokesperson said, without specifications of an amount.

In September, FTX US reportedly became the winner for a bid of the assets, for around $1.4 billion, per Voyager. The assets’ sale would be finalized after a Chapter 11 plan and an asset purchase agreement greenlit by the U.S. Bankruptcy Court for the Southern District of New York.

As the statement revealed on Nov. 11, Voyager reportedly claimed that “the no-shop provisions of the Asset Purchase Agreement between Voyager and FTX US are no longer binding,” also stating that the bidding process was reopened, and the bankrupt company was in “active discussions with alternative bidders.”

As revealed by the CrossTower personnel, at the moment, the firm is not aware of other entities taking part in the bidding process. 

“We’re not aware of any other interest at the moment, but even if other players enter the ring, CrossTower’s priority is to ensure the best interest of the Voyager customers and the wider crypto community.”

Previously, together with FTX, Binance and CrossTower also filed for bids to obtain Voyager’s assets, each putting up a proposal for their own terms and conditions. 

CrossTower’s proposal will keep the current Voyager platform and application, meaning that it would not be necessary for clients to switch platforms as soon as the deal was finalized. 

As part of this plan, customers would also receive their pro rata share of assets. Additionally, CrossTower’s acquisition plan would see the exchange share its revenue with Voyager customers for several years.