2 years ago
A bankruptcy justice has ruled that Voyager Digital is allowed to merchantability its assets to Binance.US, Bloomberg News reported March 7.
The U.S. Securities and Exchange Commission (SEC) antecedently contested the deal, arguing that the statement could undermine its attempts to modulate the crypto industry. The justice showed absorption to the regulator’s claims successful earlier proceedings.
The woody is estimated to beryllium worthy $1 billion. If Voyager and Binance.US hold to spell guardant with the deal, proceeds volition beryllium distributed to erstwhile Voyager users.
The U.S. SEC may, however, entreaty the decision.
Voyager halted withdrawals and filed for bankruptcy successful the summertime of 2022. It was 1 of galore firms that did truthful pursuing the illness of the crypto lending steadfast Celsius.
More details to follow…
The station Voyager tin merchantability assets to Binance.US, justice rules appeared archetypal connected CryptoSlate.
English (US) 