FTX US, a virtual asset exchange founded by Sam Bankman Fried, will acquire Voyager Digital, a cryptocurrency lender that voluntarily applied for bankruptcy.

According to Voyager on the 27th, the winning bid is 1.42 billion dollars (about 2 trillion won), which is an addition of about 110 million dollars in incremental value to the existing market value of 1.31 billion dollars.

Voyager said that FTX’s acquisition agreement will be submitted to the Southern Bankruptcy Court in New York on October 19, and that the deadline for filing an objection to the transaction is by 4 p.m. Eastern Time on October 12. He added that whether to sell to FTX US is subject to creditor voting and proceeds in accordance with Chapter 11 of the U.S. legal regulations on voluntary bankruptcy.

Voyager Digital also said it still holds claims related to outstanding funds from venture capital Three Arrow Capital and will distribute them to creditors.

The New York-based Voyager had 3.5 million customers as of the end of March.

As Terra Luna became a scrap of paper in May, companies borrowed from Voyager, including Three Arrow Capital, failed to repay the funds and went bankrupt, filing for bankruptcy protection as of July.

Since then, FTX and FTX-affiliated trading company Alameda Research have begun to take measures to avoid Voyager bankruptcy. Alameda told Voyager that it would repay Bitcoin and Ethereum worth $200 million borrowed from Voyager by the end of this month.

Meanwhile, FTX has been aggressively acquiring virtual asset companies, starting with supporting BlockFi, a virtual asset platform earlier this year. Recently, it has also considered acquiring shares in Robinhood, a cryptocurrency and securities trading app.