The first approval from the court has come for the world’s largest crypto exchange Binance’s agreement to buy the assets of the bankrupt crypto loan platform Voyager Digital for $ 1 billion.
U.S. District Judge of the Southern District of New York bankruptcy court Michael WillesDespite objections from the U.S. Board of Trustees and the U.S. Securities and Exchange Commission (SEC), statements explaining various aspects of the bid for the $1 billion buyout agreement between Binance’s U.S. subsidiary Binance.US and Voyager have been approved. Thus, the settlement for the assets of the bankrupt company is completed. one more step has been approached.
Judge wilesfor certain parts of the offer revised the next time regarding the agreement between the two companies confirmation hearing in March is scheduled to happen. If an agreement is reached between the two parties and the creditors view this offer positively, the offer trial in March then waiting for it to come to life.
In charge of Voyager’s case Kirkland & Ellis law firm The parties, including their attorneys, stated that continuing the settlement would be the best option for Voyager’s creditors. Under the terms of the current agreement, Voyager customers will receive their funds if the sale goes smoothly. 51%they can get it back.
We don’t want to delay our customers’ payments. More importantly, we have thoroughly researched the independent liquidation process and it does not appear to be a problem.
On the other hand, the first round of the bid race for the remaining assets from Voyager. FTX had won. But Voyager assets, which were reopened to investor offers following the FTX bankruptcy, were sold by Binance.US in December. 1 billion dollars He had received an important offer. He later settled on the $1 billion deal on Voyager Digital’s assets. “lack of necessary information” from the SEC on the grounds objection had come.