The US Department of Justice opposes the acquisition of Voyager by Binance.US
The US government continues to block Binance.US’s acquisition of bankrupt cryptocurrency company Voyager. This time it was the Justice Department’s flip to appe...
The US government continues to block Binance.US’s acquisition of bankrupt cryptocurrency company Voyager. This time it was the Justice Department’s flip to appeal the New York court judge’s approval choice.
As Coinlive Cointelegraph reported that Binance’s acquisition of bankrupt cryptocurrency company Voyager was accredited by a New York court judge on March eight.
Thinking that this paper-consuming negotiation had come to an finish, just two days later on, the US government continued to block the deal. Specifically, the Trusteeship Office of the Ministry of Justice has appeal objected to Judge Michael Wiles’ choice.
Previously, the US Securities and Exchange Commission (SEC) also took related action, alleging a violation of federal securities laws for the reason that Binance.US is an unregistered exchange with this company.
Due to its hefty involvement with Three Arrows Capital’s liquidity crisis, cryptocurrency lending platform Voyager went bankrupt in July 2022, registering in excess of one hundred,000 creditors with $ten billion.
Voyager at first agreed to “sell” itself to FTX. At the time, FTX narrowly defeated and won towards rivals Wave Financial and Binance. Eventually, FTX also followed the bankruptcy and the deal was handed in excess of to Binance.US, this exchange’s subsidiary of Binance which agreed to bail out Voyager as soon as once more.
However, US authorities had been not incredibly “happy” with the deal, repeatedly building accusations towards Binance.US. Therefore, Voyager traders nonetheless have to wait a lengthy time to begin obtaining their payout.
VGX token value is down a lot more than 26% in the previous 24 hrs, trading close to $.34. This decline followed the standard decline in the market place on the morning of March ten due to a string of adverse information.
Synthetic currency68
Maybe you are interested:
More From Crypto News
Tether Signs Kazakhstan Central Bank MoU for Tenge Stablecoin
Tether has signed a memorandum of understanding with the National Bank of Kazakhstan to explore developing a stablecoin pegged to the Kazakhstani tenge, accordi...
XRP Narrow Range: Analyst Eyes Potential Move Toward $2
ChartNerd describes the current structure as neutral. A breakout would require a resistance break, a retest that holds as support, and a push through the local...
Hyperliquid Faces Singapore Regulatory Questions Despite Local HQ
Having a registered office in Singapore places Hyperliquid squarely within the oversight reach of the Monetary Authority of Singapore (MAS), the country’s centr...
US Spot XRP ETFs Hold $1.7B as Weekly Inflows Hit $4M
The $1. 7 billion aggregate represents cumulative assets under management across US-listed spot XRP ETFs as of Monday’s close, not single-day activity.
Ethereum Falls Nearly 6% as $1.35B Longs Face Liquidation
Ethereum slid nearly 6% on October 7, 2026, dropping to around $2,570 and leaving approximately $1. 35 billion in leveraged long positions at risk of forced liq...
Bank of Russia Registers Official Crypto Market Operators
By registering operators directly, the Bank of Russia positions itself as the supervisory authority over who may legally conduct crypto-market activity under Ru...
