Binance US cancels $1 billion purchase of Voyager assets The result of a hostile regulatory environment

Binance US has withdrawn from the agreement to acquire the assets of the broker Voyager Digital. cryptocurrency bankruptcy worth $1 billion As the company announced in a tweet blaming a hostile regulatory environment and certainly not in the United States.

Voyager, the Voyager Official Committee of Unsecured Creditors and the United States Government An agreement was reached on April 19 for the completion of the purchase. But the deal was suspended on March 28 by a judge. While the U.S. Department of Justice files an appeal against Voyager’s bankruptcy plan.

Both Voyager and the Voyager Official Committee of Unsecured Creditorsalso tweeteddisappointment, before Binance.US made the announcement, while The Voyager Official Committee of Unsecured CreditorsTweet that : “The board is extremely disappointed with this decision. and is investigating potential claims against Binance.US.”

As for Binance.US specifythat has decided to “exercise the right to terminate the asset purchase agreement”

“While our hope throughout this process is to help Voyager customers gain access to their crypto, the hostile and uncertain regulatory environment in the United States has made operations unpredictable. and affecting the entire American business community.”

It’s not clear what made Binance.US change its mind.

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