Voyager Digital filed for Chapter 11 bankruptcy in July 2022 and less than eight weeks ago chose FTX.US to buy its assets for $1.42 billion. The latter’s collapse, however, left the bankrupt crypto lender without a buyer.

The world’s largest crypto exchange by trading volume, the U.S. arm of Binance is once again preparing to bid for the assets of beleaguered crypto lender Voyager Digital.

Voyager Digital began the voluntary Chapter 11 restructuring process in July 2022. At the time, Steven Ehrlich, Voyager’s CEO, said that “a comprehensive reorganization is the best way to protect the platform’s assets and maximize value for all stakeholders, including customers.”

By September 2022, after a two-week auction, FTX and Binance were the highest bidders for Voyager Digital’s assets. On Sept. 26, Voyager Digital and Voyager’s Official Committee of Unsecured Creditors (UCC) announced that FTX US’ bid of $1.42 billion was the best and highest bid for the company’s assets.

But since FTX Group filed for bankruptcy, Voyager resumed the bidding process and said it was in active talks with alternative bidders.

Voyager said FTX US had made a “bona fide” deposit of $5 million in escrow and had successfully revoked loans of 6,500 BTC and 50,000 ETH from Alameda Research. The company said it had no outstanding loans with any borrower, but at the time FTX Group filed for bankruptcy, it had about $3 million on its balance sheet.