Bug in Binance And Voyager Agreement: Will The Sale Be Canceled?

Binance‘s bankrupt crypto credit institution Voyageragreement to purchase assets of FTX trade arm Alameda Researchfederal regulators, and a number of US states opposed.

Voyager Says Opposing $1 Billion Binance Deal Is ‘Hypocrisy and Arrogance’

Bankrupt crypto lender Voyager Binance.USHe defended his $1 billion plan to sell to . According to two legal filings released late Sunday night, their criticism was based on unconfirmed speculation. “hypocrisy and arrogance” described as.

The plan has been challenged by Alameda Research, the trading arm of bankrupt crypto exchange FTX, as well as the US Securities and Exchange Commission (SEC), the Department of Justice (DoJ), and multiple state-level regulators.

A hearing will be held in New York bankruptcy court on Tuesday.

Voyager said the doubts expressed by the SEC, as well as financial regulators from New York, Texas and Vermont, and US Trustee, the DoJ’s bankruptcy division, about whether Binance.US would meet the settlement were “unfounded”.

“It is a clear attempt to raise Disclosure Disclosure objections based on unsubstantiated and unverified media reports, undermining the Binance.US transaction and attacking Binance.US, while ignoring the important information currently presented to the appellants,” he said.

Alameda’s attempt to oppose the deal on the grounds that it violated the hierarchy of creditors outlined in US bankruptcy law met with an even stronger reaction.

Voyager’s application stated that Alameda’s objections were “hypocritical and arrogant at best” and “frivolous”. FTX and Alameda had tried to save Voyager before declaring bankruptcy on November 11.

*Not investment advice.