The US Ministry of Justice appeals against the judicial approval of Voyager's asset sales worth 1 billion USD to binance.us a

The US Ministry of Justice appeals against the judicial approval of Voyager's asset sales worth 1 billion USD to binance.us a

The US Justice Ministry (DOJ) has appealed to review the decision of a New York judge to approved the sale of the bankruptcy crypto loan voyager to the American subsidiary of the Krypto exchange in the context of a 1-millions of dollar deal.

according to A court document on Thursday evening at the United States Bankruptcy Court for the Southern District of New York through the office at US loan-like.

The doj appeals against the approval of the plan of Voyager by Richter Wiles

remember that judge Michael Wiles recently approved the US deal between Voyager and Binance despite the resistance of the US regulators.

cryptopotato reported at the beginning of this week the judge decided in favor of the plan proposed by Voyager, his assets to Binance Sell ​​to maximize the value for its shareholders and creditors.

The transaction has been rejected by the US stock exchange supervisory authority SEC several times, since the supervisory authority believes that the transaction could include the sale of non-registered securities.

During the sec second

It should be pointed out that Voyager's assets cannot be sold without the final approval of the SEC and the committee for foreign investments in the United States (CFIU). Both companies are currently rejecting the plan.

when the deal was approved by judge Wiles the SEC and the doj and explained that they did not seem to be sure of the legal effects of the plan, since they did not provide any final answers when they were asked for the reasons for their resistance a .

a possible liquidation

Peter M. Aronoff, a lawyer of the doj, said on the day of the approval that his team was considering the judge's order.

If the appeal is given up and the decision by Richter Wiles is canceled, Voyager only has the opportunity to liquidate himself. Unfortunately, the liquidation would bring less return than the plan to sell assets.

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