Binance, the world’s largest cryptocurrency exchange, has terminated the $1 billion deal for the acquisition of Voyager Digital.
Bankrupt crypto loan platform Voyager published on its official social media account on April 25. in the shipmentduring the day from Binance’s US subsidiary Binance.US. 1 billion dollar purchase agreement that you have terminated indicating a letter announced that they had However, the platform chapter 11 of your plan Voyager platform through cash And crypto- assets to customers directly to the distribution that you let added.
Statement on the subject Voyager Unsecured Creditors Committeethemselves, Binance’s abandonment of its decision disappointed insolvency, but the committee’s own bankruptcy plan carry out the liquidation option quickly has been discussed and on the subject preparations have begun stated.
On the other hand, Binance.US made the following statements about the termination of the agreement:
Binance.US has made the difficult decision to exercise its right to terminate its asset purchase agreement with Voyager.
While our hope throughout this process has been to help Voyager customers access their assets in cryptocurrencies, the hostile and uncertain regulatory environment in the US has brought an unpredictable work environment that has impacted the entire American business community.
We are focused on creating a secure platform where our clients can participate in the digital asset economy.
Under the agreement, Binance.US’s acquisition four months in not result in case of right of withdrawal stated to exist. But all the exchanges received from Voyager destroy customer information to do must it was underlined.
In case the liquidation of customers occurs after the purchase agreement by Binance.US to 73% a close back when you can get paid liquidation Voyager’s doing the repayment rate to 48% much as low as you can attention was drawn.
the agreement, US Commodity Futures Trading Commission (CFTC) A case against Binance.US for unregistered trading activity diet aspect terminated allegations, Binance CEO Changpeng Zhao (CZ) by a “shrug emoji” with answered.
Voyager with the US government last week by agreement purchase agreement continue had taken the decision.
According to Coinecko data, the platform’s native token after the news was announced VGX, 0.393 at dollar level 0.249 falling to the dollar to 37% lost value close. A little later rise live token, as of my writing 0.282 traded at the dollar level.