Binance-Voyager deal to proceed without holdings, NY judge rules By Cointelegraph
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The United States District Court for the Southern District of New York declined the U.S. government’s reasonings for halting the acquisition of bankrupt brokerage company Voyager Digital by Binance.US. According to Judge Michael Wiles, any protractions with the deal will harm the interests of Voyager’s former clients, who are waiting to return their funds.
The decision to deny the government’s motion came on March 15. In it, Wiles realleges his prior approval of Voyager Digital’s Chapter 11 bankruptcy plan, which suggests selling billions of dollars in assets to Binance.US in an effort to regain liquidity to pay back customers.
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The United States District Court for the Southern District of New York declined the U.S. government’s reasonings for halting the acquisition of bankrupt brokerage company Voyager Digital by Binance.US. According to Judge Michael Wiles, any protractions with the deal will harm the interests of Voyager’s former clients, who are waiting to return their funds.
The decision to deny the government’s motion came on March 15. In it, Wiles realleges his prior approval of Voyager Digital’s Chapter 11 bankruptcy plan, which suggests selling billions of dollars in assets to Binance.US in an effort to regain liquidity to pay back customers.
Continue Reading on Coin Telegraph
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