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.
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The Rush for Voyager Assets
Since Voyager Digital 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.
In late August, after it was revealed that there were at least 11 competitors in the auction to buy the bankrupt company’s assets, its native token VGX saw a dramatic increase in value. 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.
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About the Author
Tim Fries is the co-founder of The Tokenist. He has a B.Sc. in Mechanical Engineering from the University of Michigan and an MBA from the University of Chicago Booth School of Business. Tim was a senior partner on the investment team in the US Private Equity division of RW Baird and is also a co-founder of Protective Technologies Capital, an investment firm specializing in detection, protection and control solutions.