Voyager Digital has rejected a joint offer from FTX and Alameda Research despite being cash-strapped and in the throes of bankruptcy proceedings.

A recent court filing revealed that the offer was a “low-ball bid” that sought to pass itself as a rescue operation.

The team goes on to claim that the offer was designed to generate publicity instead of offering value to the customers and noted that such a frivolous offer could stifle the already complicated bankruptcy process.

In other news, CZ files defamation case against Bloomberg subsidiary, GameStop faces heat for ‘Falling Man’ NFT saga, memecoin Teddy Doge soft rugs $4.5M.

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