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SEC Files Limited Objection to Binance.US’s $1B Deal for Voyager Assets

The U.S. Securities and Exchange Commission (SEC) has filed a limited objection to Binance.US's proposed $1.02 billion purchase of the assets of bankrupt crypto lender Voyager.

In its filing, the SEC questioned the adequacy of the information in Binance.US’s disclosure statement, specifically details on the ability of the crypto exchange to “consummate a transaction of this magnitude,” as well as how Binance.US intends to secure customer assets and details on how Binance.US would rebalance its cryptocurrency portfolio.

The SEC said it has communicated its concerns to Binance.US’s counsel, and has been told that a revised disclosure statement will be filed prior to the next hearing on the motions.

Related Readings:

CFIUS Plans to Review Any Deals Made by Bankrupt Crypto Lender Voyager

Investors Seek To Sell FTX, Celsius, BlockFi, Voyager Claims

Binance Controlled 92% of Bitcoin Spot Trading Volume at End of 2022

Bernstein Says Crypto Exchange Binance Is Not Likely to Fail

SEC Binance.US
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