Binance US Bid For Voyager Moves A Step Ahead

Binance US Bid To Acquire Voyager Takes A Step Forward

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As per the reports, on Tuesday bankrupt Voyager received its initial court approval for a proposed sale of its assets to Binance US.

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In addition, Voyager seeks to expedite a US national security review of the deal.

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US Bankruptcy Judge Michael Wiles has approved Voyager to enter into the asset purchase agreement with Binance.US and also obtain creditor votes on the sale.

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However, this is not being considered final until a court hearing takes place in the future.

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Joshua Sussberg, Voyager’s attorney is responding to concerns that would lead US Committee on Foreign Investment in the United States (CFIUS) to oppose the transaction.

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Sussberg added, the deal includes $20 million cash payment and transfer of Voyager customers to Binance US. Also, customers can first withdraw money in July.

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Voyager estimates that this deal will allow customers to recover 51% of the value of their deposits at the time Voyager filed for bankruptcy.

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