A date has been set for the auction of Voyager Digital assets, Ryan writes. According to a court filing, the sale will take place Sept. 13 — about two months after the crypto lender first entered bankruptcy proceedings.

Why it matters: The winning bid could set a precedent for how future crypto bankruptcy reorganizations are structured.

Details: The auction will start next Tuesday at 10am ET, and a hearing to approve the results is set for Sept. 29.

• The deadline for qualified bids, which had been extended after interested parties requested more time, was yesterday.

The intrigue: According to Voyager’s original reorganization plan, customers were promised some combination of crypto, shares in the newly reorganized company, and Voyager tokens.

• But with Voyager's assets going up for auction, it's unclear what customers can expect to recoup once all is said and done.

State of play: Several companies have shown interest in the company's assets, with Voyager previously saying it was in meaningful discussions with at least 22 parties.

• One notable bidder is FTX CEO Sam Bankman-Fried, who made a public offer to bail out Voyager customers through the crypto exchange and his investment firm Alameda Research.

Yes, but: That proposal was rebuffed by Voyager Digital, which called it "a low-ball bid dressed up as a white knight rescue.”

Flashback: Voyager filed for bankruptcy July 6, after suspending all trading, deposits and withdrawals from its platform.

• The firm was one of several counterparties caught up in the collapse of crypto hedge fund Three Arrows Capital (3AC).
• At the time of its bankruptcy filing, Voyager said 3AC owed it more than $650 million, which included an outstanding loan of 15,250 bitcoin and $350 million worth of USDC.