There are a lot of ways to say no. ‘No, thank you.’ ‘Thank you, but no.’ ‘I’m sorry, I’m just not interested.’ Voyager’s response to FTX’s ($FTT.X) buyout offer was, according to Voyager’s ($VGX.X) bankruptcy lawyers, “… low-ball bid dressed up as a white knight rescue.” Lawyers speak for “GTFO.”
FTX founder and CEO Sam Bankman-Fried shot back that customers will… he used some colorful language in this Tweet:
3) Well, the *traditional* process is that before customers get their assets back, they get fucked.
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*.
— SBF (@SBF_FTX) July 25, 2022
A good point on the Mt. Gox debacle – which, coincidentally, is almost finished. Not sure you could pick sides here. Voyager is just one of several prominent victims of the Three Arrow Capital’s (3AC) shitshow.
While Voyager and FTX are open and public about what’s going on, you have 3AC’s founders continuing to play Houdini, acting shocked that people are pissed at them.
And nothing makes people less pissed off at you more than ghosting your customers and creditors while you make way your way into the loving arms of ‘Na na na na boo boo, you can’t catch me Dubai.’
Hard to pick sides when Voyager is acting more above board than most and walking the tight rope of protecting their’s and their customer’s interests, and FTX is doing its thing – saving the whole damn industry from itself seemingly by itself.
Want a side to pick that you can hate? The two 3AC wankers on a golden canoe to Dubai, that’s who you can hate. 🎯