Judge Approves Voyager’s Deal With Binance.US, Snubs SEC
In an unexpected turn of events, Voyager Digital has received the court’s approval to go through with their deal with Binance US, according to Bloomberg. The deal would allow Voyager’s investors to recoup between 50-73% of their holdings, contingent on the outcome of Alameda’s lawsuit against Voyager – and the recent appreciation in the value of crypto assets nearly across the board.
Cointime News Wrapup-Afternoon Version: Sotheby’s and UnicornDAO Host International Women’s Day Art Auction
We hereby compose this wrapup, especially for users who cannot check out what’s going on in a timely manner.
Binance.US Wins Court Approval To Buy Bankrupt Voyager Digital Assets
Amid all the back-and-forth over the last week, Binance.US has finally got the approval to acquire the assets of bankrupt crypto lender Voyager Digital. On Tuesday, March 7, Michael Wiles, a bankruptcy judge in the Southern District of New York, overruled all the objections while ruling in favour of the sale. Under the guidance of the US court, Voyager will sell a total of $1 billion worth of assets to Binance. After Voyager went bankrupt last year, Binance was keen on acquiring the platform’s assets. However, Binance.US had a tough time dealing with the US regulators, especially the SEC. (coingape)
Binance.US Can Move Ahead With Plan to Acquire Voyager Digital's Assets, Judge Rules
Binance.US cleared a chief hurdle in its effort to acquire the assets of bankrupt crypto lender Voyager Digital in a deal worth over $1 billion after Michael Wiles, a bankruptcy judge in the Southern District of New York, overruled the various objections to the proposed acquisition.
SEC Staff Believe Binance.US Is Operating an Unregistered Securities Exchange
Securities and Exchange Commission staff believe Binance.US is operating an unregistered securities exchange in the United States, a lawyer said during a Voyager Digital bankruptcy hearing on Friday evening.
Judge Questions SEC’s Objection to Voyager-Binance.US Deal
The United States judge overseeing Voyager Digital’s bankruptcy case has chastised the Securities and Exchange Commission (SEC) for its ambiguous reasoning for objecting to the crypto lending firm’s proposed sale to Binance.US. The details have been shared in a report published by Reuters.
Cointime News Wrapup-Afternoon Version: U.S. Lawmakers Say SEC Directive May Bring “Greater Risk of Loss”
Afternoon version
Binance.US Responds to Senators’ Letter on “Potentially Illegal” Activities
Binance.US has responded to a letter published by U.S. senators on March 2 by professing compliance and stating that it will answer questions directly. On March 2, various senators alleged that Binance.US has engaged in “potentially illegal” activity and asked the firm to answer several questions. A Binance.US spokesperson said in a statement: We welcome engagement with policymakers and look forward to responding to the senators’ requests. (cryptoslate)
Voyager Customers Vote in Favor of Bankruptcy Plan
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.
$1B Voyager-Binance Deal Benefits Halved if Alameda Loan Claim Succeeds: Texas Regulators
The benefits to creditors from an offer from Binance US to buy up bankrupt crypto lender Voyager hinge on a $445 million loan claim by Alameda Research, making the deal potentially not worth bothering with, Texas regulators said in a Friday court filing.
