Plans by Binance.US to acquire the assets of Voyager Digital, a collapsed cryptocurrency brokerage, have hit a snag following a demand by the US government to put the proposed deal on hold. According to court filings, both the Securities and Exchange Commission (SEC) and New York’s financial regulator have raised objections to the $1 billion…
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The DOJ disagrees with the legal protections given to those involved in the Voyager-Binance.US sale saying the court “improperly” exceeded its authority. United 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…
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Just a day after a judge authorized bankrupt crypto lender Voyager Digital to sell its assets to crypto exchange Binance.US, the U.S. Department of Justice (DOJ) made an appeal to block the sale by filing an appeal that could derail it. Registered with the U.S. Bankruptcy Court for the Southern District of New York, the…
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Voyager Digital, the bankrupt crypto lender, has been given the green light to sell its assets to Binance.US and transfer its customers to the exchange. At a hearing in New York, US Bankruptcy Judge Michael Wiles approved Voyager’s restructuring plan, thus allowing it to sell its assets to Binance.US in a deal valued at $1.3…
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The ruling allows the crypto lender a path out of its bankruptcy, but it still has to undertake some due diligence with Binance US before the sale is final. Bankrupt cryptocurrency lender Voyager Digital has won court approval to sell over $1 billion of its assets to Binance.US. The approval was granted by United States…
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The SEC claims the transactions involved with redistributing the funds to impacted Voyager account holders will trigger U.S. securities laws. The United States Securities Exchange Commission (SEC) won’t be allowed to fine executives involved in Voyager Digital should it end up issuing bankruptcy tokens to help repay impacted customers, bankruptcy judge Michael Wiles has said.…
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Binance and its US-based counterpart, Binance.US, which were presented as distinct entities, are said to have been more closely connected than what was previously revealed, purportedly entangling personnel, technical teams, and finances…. Read More: Binance’s Secret Plot: Leaked Texts Reveal Plans to Evade U.S. Law Enforcement – What’s Going On? Read more »Sign up for…
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Three US senators have asked Binance and its US partner Binance.US to provide detailed information regarding their business operations amid accusations of illegal practices. In a letter dated Wednesday, Senators Elizabeth Warren (D-Mass.), Chris Van Hollen (D-Md.), and Roger Marshall (R-Kansas) asked Binance “to provide transparency about potentially illegal business practice,” while accusing the exchange of being…
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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. The bankruptcy judge on Voyager Digital’s case has reportedly scolded the United States securities regulator over its ambiguous reasoning for objecting to the crypto lending firm’s proposed sale to Binance.US.…
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An overwhelming majority of Voyager account holders want Binance.US to buy out the firm’s assets. A move by Binance.US to acquire assets belonging to the bankrupt crypto lending firm Voyager Digital has been favored by 97% of Voyager’s customers. A Feb. 28 court filing shows an overwhelming majority of Voyager Digital account holders are in…
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