The purchase of the bankrupt, Voyager Digital Holdings, by Binance.US is progressing well, as the company recently signed an agreement with the United States federal government that promotes a $1 billion plan that will allow it to sell its assets to Binance.
An April 19 filing in New York district court confirms that Voyager, the Official Committee of Unsecured Creditors and the U.S. government agree that the deal to acquire Voyager’s digital assets from Binance can proceed as planned.
Regulators have tried to stop it
Previously, the deal with Binance.US was temporarily halted by a federal judge at the request of the US government.
Although Voyager and the Commission challenged the emergency stay request, Judge Jennifer Rearden granted the US government’s request to temporarily suspend the proceedings in a March 27 court order.
US regulators had made several attempts to stop the deal since it was approved to proceed on 7 March by US bankruptcy judge Michael Wiles, who noted that delaying the deal would harm the interests of Voyager’s former customers waiting to receive funds.
A week later, on March 14, the government asked to delay the bankruptcy plan by two weeks. It accused the bankruptcy plan of “immunizing fraud, theft or tax evasion,” but the motion was denied by Judge Wiles, who said the charges were “exaggerated and erroneous.”
Voyager customers want Binance
A February 28 court filing revealed that 97% of the 61,300 Voyager account holders were in favor of the deal with Binance.US.
Voyager has been coordinating a plan to redistribute funds to creditors since filing for Chapter 11 bankruptcy last July.
- Zoobs and ElmonX Collaborate: Exclusive NFT Collection to Release on 12th Wedding Anniversary of Kate Middleton and Prince William
- El Salvador’s CUBO+ Program to Train Bitcoin Developers Kicks Off with 54 Students
- Morgan Creek CEO Mark Yusko Predicts “Summer of Cryptocurrencies” Starting This May
- What is Pepe Coin (PEPE) The Dog Meme Killer
- Russia Plans to Pilot Bitcoin for International Payments Despite Domestic Ban
- Hashgraph vs Blockchain: A Comprehensive Comparison