Voyager Calls FTX a Hypocrite for Objecting Binance Deal: A Billion-Dollar Tug-of-War
The bankruptcy proceedings of Voyager Digital have taken a dramatic turn, with Voyager accusing FTX of hypocrisy for objecting to its $1 billion deal with Binance.US. This accusation comes as Voyager defends its plan to sell assets to Binance, a deal aimed at restructuring and returning value to creditors.
Voyager\'s Strong Defense Against FTX\'s Objections
Bankrupt crypto lender Voyager Digital has defended its $1 billion plan to sell assets to Binance.US, dismissing criticisms as "hypocrisy and chutzpah" based on unverified speculation. Voyager claims that Alameda Research\'s objections "evince hypocrisy and chutzpah at its finest," further labeling them "frivolous." The core of the argument revolves around Voyager’s belief that FTX\'s own past actions contradict its current stance.
Voyager alleges FTX\'s bid to purchase it was a desperate attempt to… (well, you can imagine the rest!). They’re not holding back, and the courtroom drama is heating up.
SEC Scrutiny and the Viability of the Binance Deal
The Binance.US x Voyager deal could become "unfeasible" according to the SEC, adding another layer of complexity. However, a United States judge scolded the Securities and Exchange Commission over its vague objection to Voyager’s restructuring deal and asked for specifics on its concerns. This judicial pressure highlights the urgency for clarity and transparency in the approval process.
FTX\'s Past Interest and Alleged Hypocrisy
Voyager calls FTX a “hypocrite” for objecting Binance Deal, citing a WSJ article about FTX’s… (well, they left that bit out, but you get the drift!). The bankrupt crypto lender Voyager defended its $1000 million plan to sell its assets to Binance.US. The crypto exchange also… (we’re working on filling in the missing pieces!), but the overall sentiment is clear: Voyager sees FTX\'s opposition as undermining its restructuring efforts.
Voyager criticizes FTX affiliate Alameda Research for being a hypocrite and trying to sabotage its restructuring mission by opposing the deal.
The Future of Voyager\'s Restructuring
With legal battles and regulatory hurdles, the future of the Voyager Digital restructuring plan hangs in the balance. The outcome of this battle will have significant implications for creditors and the broader crypto industry. Stay tuned for further updates as this story develops.
Also Read: Voyager calls FTX a “hypocrite” for objecting Binance Deal.