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U.S. Bankruptcy Judge Michael E. Wiles this week allowed Voyager to move forward with an updated asset purchase agreement with Binance.US and to solicit creditor votes on the sale. In doing so, Wiles overruled objections from federal and state regulators that questioned whether Binance was financially stable enough to close the proposed transaction. As part of the proposed deal, Binance.US will pay $20m and take over approximately $1b in assets on behalf of Voyager customers.
"We do not want to delay getting money getting crypto back into our customers hands. Importantly ... we also took a very hard look at a standalone self-liquidation ... the self liquidation auction is not an option that is going to put the most money in our customers pockets," Sussborg said.
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