Binance.US Voyager $1 Billion Deal Green Lit After Fed Agreement: What You Need to Know
In a significant development for the crypto industry, the proposed $1 billion deal between Binance.US and bankrupt crypto lender Voyager Digital has been given the green light. This follows an agreement reached with the U.S. Federal Government, overcoming previous hurdles and paving the way for Binance.US to acquire Voyager's assets.
Bankrupt Crypto Lender Voyager Digital Secures Federal Approval
Voyager Digital Holdings, a defunct crypto lender, has reached an agreement with the U.S. Federal Government, allowing it to move ahead with its $1 billion deal with Binance.US. The crypto exchange will gain control of Voyager's assets, offering a potential lifeline to Voyager's creditors.
Binance.US Emerges Victorious: Acquisition of Voyager Digital Approved
Binance.US emerged victorious in New York on Tuesday after bankruptcy judge Michael Wiles overruled all objections against the proposed acquisition of Voyager Digital. This pivotal decision allows Binance's US arm to proceed with the asset transfer.
Voyager's Assets to Transfer to Binance's U.S. Subsidiary for $1 Billion
Voyager Digital Holdings, a defunct crypto lender, has reached an agreement with the U.S. federal government that allows it to transfer its assets to Binance’s U.S. subsidiary for $1 billion. This marks a crucial step in the bankruptcy proceedings and a potential resolution for Voyager's customers.
Voyager Official Committee Announces Agreement with the U.S. Federal Government
On Twitter, the Voyager Official Committee of Voyager Digital Holdings has reportedly reached an agreement with the U.S. federal government to proceed with a $1 billion plan to sell its assets to the American arm of Binance.US. This announcement underscores the progress made in resolving the complex bankruptcy situation.
What does this mean for Voyager customers?
While the deal is a positive step, the exact implications for Voyager customers remain to be seen. Further details regarding asset distribution and potential recovery are expected to be released in the coming weeks. Stay tuned for updates as the Binance.US and Voyager deal progresses.
Yesterday, the bankrupt crypto lender sealed a deal with the federal government that allows Voyager to sell its assets to Binance.US.