Voyager CFO Ashwin Prithipaul resigns from bankrupt company – 24/7 Wall St.

0

Invest

In a announcement made on Friday, Voyager Digital said its chief financial officer, Ashwin Prithipaul, is leaving the company. Prithipaul became the company’s chief financial officer in May 2022.

Prithipaul resigns from Voyager

Ashwin Prithipaul, chief financial officer of Voyager Digital, announced his departure from the bankrupt company on Friday, September 23. According to the announcement, the former CFO is leaving the company to “pursue other opportunities.”

He will complete his departure after a transition period and will be replaced by Stephen Ehrlich, the company’s CEO, who took the opportunity to thank Prithipaul:

On behalf of the Board of Directors and the management team, I would like to express our deepest gratitude to Ashwin for his many valuable contributions, particularly for his efforts during Voyager’s restructuring process.

The Rush for Voyager Assets

Since Voyager Digital has filed for bankruptcy in July 2022, many companies have shown interest in its assets. The most promising buyers were Binance, Coinbase and FTX, although Coinbase gave up quite early in the race.

At the end of August, after it was revealed that there were at least 11 competitors in the auction to buy the assets of the bankrupt company, its native token VGX saw its value skyrocket. The bid hearing, originally scheduled for September, was recently pushed back to October 19.

At the time of writing, FTX and Binance are the top two companies to buy Voyager. The two companies offered around $50 million and Binance would have a slight lead.

This article originally appeared on The Tokist

Sponsored: Tips for Investing

A Financial Advisor can help you understand the pros and cons of investment properties. Finding a qualified financial advisor doesn’t have to be difficult. SmartAsset’s free tool connects you with up to three financial advisors who serve your area, and you can interview your advisors at no cost to decide which one is best for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate helps diversify your portfolio. But expanding your horizons can come with additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, which helps you maximize your profits.

Share.

Comments are closed.