Bankruptcy crypto platform Voyager has announced that Binance.US has won a bid to acquire the company’s assets.
Binance.US buys Voyager
Binance.US will first transfer over $10 million worth of funds to Voyager. Voyager’s $15 million worth of expenses will be borne by Binance.US.
As for the platform, Voyager said
“Voyager Digital LLC filed a request from the bankruptcy court to approve the sale of assets with Binance.US on January 5, 2023. The sale of assets to Binance.US is pursuant to Plan 11.”
The deal between Binance.US and Voyager is expected to close by April 18, 2023.
Voyager stopped offering withdrawals in July and filed for bankruptcy with the bankruptcy court due to problems with the liquidity of its assets. Unable to pay $650 million worth of debt due to Three Arrows Capital crisis
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