April 20 (Cointime) - The Voyager Official Committee of Unsecured Creditors has announced that a resolution on Binance-Voyager $1 billion deal has been reached between Voyager, the UCC, and the Government.
On March 27, Judge Jennifer Rearden of the U.S. District Court in New York granted the U.S. government’s request for an emergency stay on Voyager Digital’s proposed $1 billion sale to Binance.US. As a result, the potential transaction has been temporarily halted until a decision is made on the Department of Justice’s appeal against Voyager Digital’s bankruptcy plan.
"The resolution is embodied in a joint stipulation providing that the appeals will continue with respect to the Plan’s exculpation provision. The Government has agreed that the Plan may move forward without such provision and will not otherwise be subject to the stay." Voyager creditors committee further explained.
Voyager and the UCC are currently working with Binance.US to move forward as quickly as possible once the stipulation is approved by the District Court.
1/ Voyager, the UCC, and the Government reached a resolution that will allow the Plan to move forward and go effective shortly.
— Voyager Official Committee of Unsecured Creditors (@VoyagerUCC) April 19, 2023
2/ The resolution is embodied in a joint stipulation providing that the appeals will continue with respect to the Plan’s exculpation provision. The Government has agreed that the Plan may move forward without such provision and will not otherwise be subject to the stay.
3/ Voyager and the UCC are working with http://Binance.US to move forward as quickly as possible once this stipulation is approved by the District Court.
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