24/7 Cryptocurrency News

Breaking: Voyager Creditors To Challenge US DOJ Appeal In Binance.US-Voyager Deal

Voyager Creditors Committee to oppose any appeals against the court's approval to acquisition of Voyager assets by Binance.US.
Published by
Breaking: Voyager Creditors To Challenge US DOJ Appeal In Binance.US-Voyager Deal

Voyager creditors committee on Friday said it will work with Debtors to challenge any appeal against the Bankruptcy Court’s approval of Binance.US bid to acquire Voyager Digital assets. The move comes amid the U.S. Attorney and U.S. Trustee filed an appeal against the court order.

According to a notice of appeal filed late Thursday, the U.S. Department of Justice challenges Judge Michael Wiles’ decision to approve the sale of Voyager assets to Binance.US for 1 billion. The appeal comes amid objections to Binance.US-Voyager deal from the U.S. Securities and Exchange Commission (SEC) and state regulators.

Voyager Official Committee of Unsecured Creditors in a series of tweets on March 10 said the U.S. Attorney and U.S. Trustee expectedly have filed an appeal against the court order. The committee stated that it will work with the Debtors to oppose any appeal that comes against the deal.

Earlier, the court approved Voyager assets acquisition by Binance.US after the four-day confirmation hearing. Judge Michael Wiles agreed that Binance.US deal is the best for impacted Voyager creditors to maximize their recoveries. The deal will help customers recover 73% of the crypto assets they own before the bankruptcy.

The court order permitted the Debtors to a self-liquidation if the sale does not close. The judge also ruled that no U.S. agencies will oppose the issuance of a bankruptcy token as planned by Voyager.

Also Read: These Altcoins See Massive Whale Activity As the Crypto Market Bleeds

Advertisement

Voyager Selling Crypto Assets

Meanwhile, Voyager Digital is continuously selling crypto assets. After the approval of the deal, Voyager sold crypto assets worth over $56 million to Binance.US, Coinbase, and Wintermute Trading on Thursday. The major crypto assets included Ethereum, Ethereum, Shiba Inu, Chainlink, and Voyager Token.

According to analysis firm Arkham, Voyager Digital dumped over $350 million of its on-chain crypto assets over the past 6 weeks.

Also Read: Can Bitcoin Price Crash To Sub-$15K And Ethereum $1K?

Advertisement

Share
Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Polymarket Founder Shayne Coplan Teases Potential POLY Token After $2B ICE Deal

Polymarket founder Shayne Coplan has sparked speculation about a potential native token launch following a…

October 9, 2025
  • Bitcoin News

FOMC Minutes Signal Fed Open to More Rate Cuts This Year, Bitcoin Bounces

The FOMC minutes have signaled a dovish shift from the Fed officials, who look likely…

October 9, 2025
  • 24/7 Cryptocurrency News

North Dakota To Issue ‘Roughrider’ Stablecoin Following Wyoming’s Footsteps

North Dakota is set to become the second U.S. state to issue a stablecoin, named…

October 8, 2025
  • 24/7 Cryptocurrency News

Ethena Labs and Jupiter Partner to Launch JupUSD Stablecoin on Solana

Ethena Labs reported that it has partnered with Jupiter Exchange to develop JupUSD. This is…

October 8, 2025
  • 24/7 Cryptocurrency News

BlackRock’s Bitcoin ETF Leads ETFs With $3.5B Weekly Inflows as It Eyes $100B in AUM

BlackRock’s Bitcoin ETF, the iShares Bitcoin Trust (IBIT), has become the most bought exchange-traded fund…

October 8, 2025
  • 24/7 Cryptocurrency News

MetaMask Launches Hyperliquid Perpetuals In-App, Plans To Integrate Polymarket

MetaMask has officially introduced perpetuals trading on its platform, powered by Hyperliquid. Meanwhile, the crypto…

October 8, 2025