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January 11, 2023

$1B Binance US deal For Voyager assets gets court approval

The lender is seeking to expedite a United States national security review of the deal to offload assets to Binance US.

 

January 11, 2023 - Bankrupt crypto lender Voyager Digital is one step closer to a possible lifeline as its proposed deal to offload some of its assets to Binance US moves forward.
 

According to a report by Reuters, Voyager received initial court approval on Tuesday to proceed with a proposed $1 billion sale of its assets to Binance US. 
 

U.S. Bankruptcy Judge Michael Wiles has given Voyager the approval to enter into an asset purchase agreement with Binance.US. They are also able to seek the  approval of the sale via a future court hearing.

 

Voyager’s lawyer, Joshua Sussberg stated "We are coordinating with Binance and their attorneys to not only deal with that inquiry but to voluntarily submit an application to move this process along," 


 


 

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