Billions Dollars Deal Of Voyager To Binance.US Has Been Approved By The DOJ

Key Points:

• The United States Department of Justice (DOJ) has approved Binance.acquisition US’s of the assets of the insolvent crypto lending platform Voyager Digital.
• Voyager’s clients will get an estimated 73% recovery under the planned sale to Binance.US.

On Thursday night, March 10, the United States Department of Justice (DOJ) filed an appeal contesting a New York bankruptcy judge’s decision to allow Binance.US to purchase the assets of insolvent crypto lending platform Voyager Digital for billions of dollars.

The US Department of Justice (DOJ) filed an appeal contesting a New York bankruptcy judge’s decision to allow Binance.US to purchase the assets of insolvent crypto lending company Voyager Digital for billions of dollars. The appeal was filed by the Office of the United States Trustee, the Justice Department component in charge of bankruptcy, a day after Judge Michael Wiles authorized the arrangement following a four-day hearing. This comes after it was revealed earlier today that Voyager creditors are opposed to any appeal against the court’s approval of the Binance.US purchase.

The United States Department of Justice (DOJ) filed an appeal late Thursday evening against a New York bankruptcy judge’s decision to approve Binance.billion-dollar US’s proposal to purchase the assets of this bankrupt crypto lender. The appeal, filed by the U.S. Trustee’s Office – a division of the Department of Justice in charge of managing bankruptcies – comes only one day after Judge Michael Wiles accepted the arrangement after a controversial four-day marathon hearing.

The planned acquisition has been strongly challenged by authorities, notably the United States Securities and Exchange Commission (SEC) and other state agencies. The SEC filed an objection to the purchase of Voyager last month, claiming that Binance.US is breaching federal securities laws by running an unregistered stock exchange in the United States.

Voyager’s clients will get an estimated 73% recovery under the planned sale to Binance.US. The deal, which was put together after FTX, Voyager’s previous top bidder, declared bankruptcy in November, was approved by 97% of Voyager’s creditors.

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