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After a long road that involved intervention from the US government, Voyager has officially revealed that Binance.US is terminating the asset purchase agreement. Binance U.S. – the American arm of Binance – terminated its deal to acquire crypto lending platform – Voyager Digital’s assets. The announcement was made by Voyager Binance US walked away from its deal to acquire Voyager Digital’s assets Tuesday, reversing course after the deal was already approved by a judge in bankruptcy court. After a long road that involved intervention from the US government, Voyager has officially revealed that Binance.US is terminating the asset purchase agreement. Moreover, the $1 Binance.US, the American arm of the largest global crypto exchange, has backed out of the $1 billion deal to purchase digital assets from the bankrupt crypto brokerage

Binance.US Deal to Acquire Voyager Digital Assets Terminated: What Happened?

The cryptocurrency landscape continues to shift, and the latest development is a significant one: Binance.US has terminated its deal to acquire Voyager Digital's assets. This decision reverses course after a bankruptcy court judge had already approved the agreement, sending ripples through the crypto community.

After a long road that involved intervention from the US government, Voyager has officially revealed that Binance.US is terminating the asset purchase agreement. But why did this happen?

Binance.US Walks Away from Voyager Deal

Binance U.S. – the American arm of Binance – terminated its deal to acquire crypto lending platform – Voyager Digital’s assets. This news brings uncertainty to Voyager's creditors and users who were hoping for a resolution through the acquisition. Binance US walked away from its deal to acquire Voyager Digital’s assets Tuesday, reversing course after the deal was already approved by a judge in bankruptcy court.

The reasons cited for the termination reportedly involve regulatory complexities and an uncertain environment in the U.S. crypto market. Binance.US has faced increasing scrutiny from U.S. regulators, which may have played a role in the decision to withdraw from the agreement.

The Billion Dollar Deal That Fell Apart

Moreover, the $1 Binance.US, the American arm of the largest global crypto exchange, has backed out of the $1 billion deal to purchase digital assets from the bankrupt crypto brokerage. This multi-million dollar deal was seen as a lifeline for Voyager Digital and its creditors. With the deal now off the table, the future of Voyager Digital remains uncertain.

What's Next for Voyager Digital?

After a long road that involved intervention from the US government, Voyager has officially revealed that Binance.US is terminating the asset purchase agreement. Voyager Digital will now need to explore alternative options to recover assets and distribute them to creditors. This could involve seeking a new buyer or pursuing alternative restructuring strategies.

The collapse of the Binance.US deal underscores the challenges and regulatory hurdles facing crypto companies in the United States. As the industry continues to evolve, expect more regulatory scrutiny and potential shifts in the landscape.

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