Voyager announced on March 1 that 97% of its customers have voted in favor of its bankruptcy plan, which includes selling its assets to Binance.US.

The 97% of voters in favor represent roughly 98% of the total claims — equating to approximately $541.61 million.

Voyager said further details would be revealed following its upcoming court hearing on March 2.

Voyager said in December 2022 that after considering all options, it has concluded that Binance.US is the highest and best bidder for its assets.

However, the U.S. SEC and regulators from New Jersey and Texas oppose the company’s plan to sell its remaining assets to Binance.US to make creditors whole, according to Feb. 24 court filings.

The regulators objected that Voyager owes Alameda a large loan which would negate most of the proceeds from selling its assets to Binance.US. Additionally, regulators are concerned that taking over Voyager’s assets will give Binance a foothold in the U.S. market without proper licensing.

(By Assad Jafri)

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