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CATEGORY: bankruptcy plan

Voyager's $1B sale to Binance.US put on hold by US court
Author: Cointelegraph By Brayden Lindrea
United States
Source: Cointelegraph.com News
Mar 28, 2023 08:20

Voyager's $1B sale to Binance.US put on hold by US court

A federal judge has temporarily halted a proposed deal between Voyager and Binance.US in order to give the government more time to pursue appeals that challenge the deal.

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Court Approves Voyager Digital's Acquisition by Binance.US
Hong Kong
Source: Blockchain News
Mar 17, 2023 02:15

Court Approves Voyager Digital's Acquisition by Binance.US


The US District Court rejected the government's appeal to halt Binance.US's acquisition of bankrupt brokerage company Voyager Digital. The court confirmed its prior approval of Voyager Digital's Chapter 11 bankruptcy plan, which involves selling assets to Binance.US to repay customers. The court also allowed Binance.US to issue repayment tokens to impacted Voyager customers, despite objections by the US Securities and Exchange Commission. (Read More)

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