Voyager tells court Binance acquisition plan is ‘sound business judgment,’ urgently needed By Cointelegraph

Bankrupt crypto brokerage Voyager Digital filed documents in United States court Jan. 8 in response to objections raised to the Binance US proposal to buy out its debt. Voyager announced it had approved the offer Dec. 19. The Securities and Exchange Commission (SEC), four states, the U.S. Trustee and Alameda Research filed objections to it.

Voyager stated in one document that objections to the Binance US offer “fail to put forward any factual or legal support” in their arguments, while Binance US offered creditors higher recovery rates than other proposals and expeditious recovery.