Voyager Says Binance.US Sent Letter Terminating $1B Asset Buy Deal
The crypto lender said it will return value to customers via direct distribution. Source
Read MoreThe crypto lender said it will return value to customers via direct distribution. Source
Read MoreBinance.US is reportedly closer to acquiring Voyager assets after the UCC secured a deal with the US federal government. Voyager Digital Holdings sees its $1 billion deal with Binance.US move closer to actualization following an agreement with the US government. Yesterday, the bankrupt crypto lender sealed a deal with the federal
Read More“The plan and confirmation order contemplate certain transactions and other steps, including making certain distributions to Debtors’ account holders… the parties agree that these transactions may go forward while this appeal is litigated and resolved,” said the document, which is signed by a U.S. Attorney and U.S. Trustee – a
Read MoreSince the time of the auction and the bidding process, US regulators have expressed a lack of confidence in the sale of the company to Binance. Judge Jennifer Rearden, a new Federal Judge for the US District Court in New York has temporarily halted the proposed sale of Voyager Digital to
Read More"Upon consideration of all parties’ written submissions, as well as the conferences and oral argument held in this matter, the Government’s emergency motion is hereby GRANTED. An opinion setting forth the reasons for this ruling will issue shortly," the ruling said. Source
Read MoreVoyager Digital holds $725m of various coins despite ongoing liquidations that started in September 2022. The lender’s balance follows a series of token transfers to other crypto firms to repay former clients in liquidation auctions. Voyager Digital’s asset transfers The troubled cryptocurrency company has transferred 158k ethereum (ETH), 5.9t SHIB, 123m Voyager Tokens
Read MoreWhen the financial woes of FTX also lead to the exchange’s bankruptcy, the deal could not proceed, pitching Binance.US as the next major favorite to bail out the company. Judge Michael Wiles, the presiding Judge over the Binance.US and Voyager Digital acquisition case with the United States Securities and Exchange Commission
Read MoreUnited States officials want to remove a provision included in bankrupt lender Voyager Digital’s plan to sell its digital assets to crypto exchange Binance.US that would prevent them from legally pursuing anyone involved with the sale. In a motion filed on March 14 in a New York Bankruptcy Court, U.S. Trustee
Read MoreOver the last year, a series of court cases have struck the crypto industry. Bankruptcy, liquidity issues and fraud have caused the industry to fall under the microscope of regulators around the world.The former cryptocurrency brokerage company Voyager Digital, Alameda Research - the investment arm of FTX- and cryptocurrency exchange
Read MoreThe United States Department of Justice (DOJ) has filed an appeal against the latest decision in the case for the selling of assets between Voyager Digital and Binance.US. On March 8, the U.S. Trustee for Region 2 made the appeal to the U.S. District Court for the Southern District of
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