Court Grants US Justice Department’s Request About Binance!

US Commodity Futures Trading Commission (CFTC) the world’s largest yesterday cryptocurrency stock market to Binance and founder CZ’After the lawsuit filed against Binance, another bad news came from the court.

New York U.S. District Court Judge Jennifer Rearden, Binance.US and Voyager Digital temporarily suspended the ongoing 1 billion dollar sales agreement between

As it will be remembered, Binance.US received court approval to purchase Voyager Digital at the beginning of March.

However, the $1 billion sales deal between Voyager Digital and Binance.US, US Department of Justice (DOJ) On March 17, he objected and requested an emergency stop.

The federal judge, who accepted this request of the DOJ, included the following statements in his decision:

“Considering the written presentations of all parties, as well as the conferences and oral discussions held on this subject, the urgent motion of the US Department of Justice was adopted.”

Judge Rearden is expected to issue a comment shortly detailing his decision.

Opposing this decision of Judge Rearden Voyager Unsecured Creditors Official Committee In a tweet on March 27 “They will continue to aggressively oppose the government’s efforts” stating, he said:

“Today the District Court granted the US Department of Justice’s motion to stay.

As a result of this decision, the debtors’ plan cannot enter into force and distribution cannot be made until the Government’s objection to the confirmation decision is completed or the decision is overturned by a higher court.

The committee is still reviewing the case and awaiting the next written opinion of the district court.

We will continue to aggressively oppose government efforts and provide further updates as they become available.”

1/ Today, the District Court granted the Government’s request for a stay pending the appeal of the confirmation order.

— Voyager Official Committee of Unsecured Creditors (@VoyagerUCC) March 27, 2023