Bankruptcy judge signs off on $450M FTX-Voyager settlement
According to the terms of the deal, FTX will relinquish any and all rights to $450 million Voyager Digital has claimed from the crypto exchange.
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According to the terms of the deal, FTX will relinquish any and all rights to $450 million Voyager Digital has claimed from the crypto exchange.
About $450 million of the recovered funds originated from a settlement with FTX.
This week’s Crypto Biz explores Google expanding its Web3 program, the U.K.’s $125 AI pledge, FTX selling LedgerX and Binance.US backing out of its Voyager purchase.
Gemini has added support for crypto withdrawals for customers of Voyager Digital.
After several back and forth, Binance.US has decided to pull the plug on a deal involving the purchase of Voyager's assets.
Binance.US, the American arm of a the major crypto exchange, has terminated a 1 billion deal of purchasing Voyager Digital’s Assets. Voyager has revealed the [...]
The DOJ has filed an appeal against the approval of Voyager Digital's Chapter 11 bankruptcy plan, which would have allowed the company to sell assets to Binance.US. While U.S. bankruptcy judge Michael Wiles approved the plan, the SEC and other regulators have been critical, citing concerns over securities law. If regulators block the deal, Voyager may have to liquidate. (Read More)
The appeal comes barely 24 hours after a judge ordered Voyager to proceed with its $1 billion deal with Binance.US.
The SEC claims the transactions involved with redistributing the funds to impacted Voyager account holders will trigger U.S. securities laws.
A bankruptcy judge has spoken out about the U.S. Security and Exchange Commission’s objections to a Voyager restructuring deal proposed by Binance.
Voyager Digital, the CeFi platform that filed for Chapter 11 bankruptcy, has reportedly sold assets through Coinbase and received at least $100 million in USDC. The company has sent daily crypto transfers to Coinbase, with holdings of nearly $530 million in crypto, including Ether and Shiba Inu. The US SEC has objected to Binance.US acquiring over $1 billion of Voyager's assets. (Read More)
Texas’ State Securities Board and Department of Banking object to Binance.US's proposed $1.022 billion deal to buy Voyager Digital's assets, citing "inadequate" disclosures. (Read More)
Over 97% of Voyager users voted for the Binance US deal, despite US regulators raising concerns.
An overwhelming majority of Voyager account holders want Binance.US to buy out the firm’s assets.
In a bankruptcy court filing on February 22, the U.S. Federal Trade Commission (FTC) revealed that it is investigating the marketing schemes of the crypto [...]
Bankman-Fried's attorneys claim the subpoena was unreasonable and was not issued properly.
The 120-page motion came from a creditor who asked for the appointment of a chapter 11 trustee citing alleged fraud and incompetence at Voyager.
Alameda Research has sued Voyager Digital to recover $446 million in loan payments from FTX.
Voyager and Binance's deal had previously received opposition from CFIUS as well as SEC.
U.S. Magistrate Judge Lisette M. Reid rejected Cuban’s application to delay the deposition, and outlined that his full deposition will be taken on Feb. 2 in Dallas, Texas.
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