The Texas State Securities Board (SSB) and the Texas Department of Banking (DOB) raised an objection in court against Voyager Digital’s disclosure statement, questioning the various methodologies and calculations used to estimate the fair market value of the bankrupt exchange’s crypto assets.

In a pleading filed with the United States Bankruptcy Court for the Southern District of New York, the attorneys for the SSB and DOB objected to the order approving the adequacy of Voyager’s amended disclosure statement.

FTX is also not licensed to do business in the State of Texas.”

On Oct. 5, FTX US secured the winning bid for the assets of Voyager.

The hearing date for the case has been slated for Oct. 19 at the time of the writing.
Source: Cointelegraph
#Texas