Voyager Declines FTX Bailout, Chipotle Gives Away Crypto, Tokyo University Offers Metaverse Courses

Voyager Declines FTX Bailout

Voyager Digital, a cryptocurrency lending platform, has declined a bailout offer from Amelda (an investment subsidiary of FTX). The company’s lawyers filed a letter claiming that the Amelda FTX’s bailout proposal was “highly misleading” and was a “low ball bid dressed up as a white knight rescue." 

“To anyone who reads the Proposal even in a cursory way, it will be obvious that the stand-alone Plan that Voyager filed is capable of delivering far more value to customers than the Alameda FTX proposal—which transfers significant value to Alameda FTX, and eliminates the value of assets that are of no interest to Alameda FTX,” wrote Voyager Digital.

Earlier this month, Voyager Digital filed for bankruptcy in New York. At the time of filing, Voyager had more than 100,000 creditors and liabilities of up to $10 billion. The company revealed that it had over $600 million exposure to 3AC, a cryptocurrency firm that also filed for bankruptcy. The company has temporarily paused withdrawals and trading on its platform.

Chipotle Gives Away Crypto

Chipotle, an American Mexican restaurant chain, has launched the “Buy The Dip” campaign that will give away more than $200,000 worth in cryptocurrency. Its customers will stand a chance to win free Bitcoin, Ethereum, Avalanche, or Solana by playing the “Buy The Dip” game on their website.

“We want to build the next generation of Chipotle fandom by connecting with the Web3 community. We're excited to bring positivity to the crypto conversation by empowering fans to 'Buy The Dip,” said Chris Brandt, the CMO of Chipotle.

Chipotle started accepting cryptocurrency for payment in April 2021. The company partnered with Flexa, a cryptocurrency payments firm, to allow its customers to use over ninety eight cryptocurrencies for payment.

Tokyo University Offers Metaverse Courses

Todai University, also known as the University of Tokyo, has announced that it will start offering courses in the Metaverse by the end of 2022. The metaverse course will fall under Todai's engineering faculty and is for high school students and adult learners.

Todai University is launching the course in response to the shortage of skilled workers in advanced technology. It believes that the metaverse course will allow people of every age, gender, residence, and social status to learn about engineering and information science. In addition to high school students and adult learners, the University wants to attract more women to its engineering faculty.