A bankruptcy judge has ruled that Voyager Digital has been cleared to sell its assets to Binance, Bloomberg News reports. March 7.
The U.S. Securities and Exchange Commission (SEC) had previously challenged the deal, arguing it could undermine attempts to regulate the cryptocurrency industry. The judge resisted the regulator’s arguments in earlier proceedings.
The deal is estimated to be worth $1 billion. If Voyager and Binance.US agree to proceed with the transaction, the proceeds will be distributed to previous Voyager users.
However, the US SEC may appeal this decision.
Voyager has stopped withdrawals and filed for bankruptcy in the summer of 2022. It is one of many companies that have filed for bankruptcy following the collapse of crypto lending company Celsius.
More to come…
The article that Voyager can sell assets to Binance.US is the judge’s rule that first appeared on CryptoSlate.
