Despite the objection of the SEC, the court gives the green light for a billion -dollar purchase contract between Binance US and Voyager regulation

We coordinate with Binance and your lawyers in order not only to edit this request, but also voluntarily submit an application to advance this process.

As part of the agreement with Binance, Voyager customers are transferred to the US crypto trading platform Binance, the lawyer said and added that the deal also includes a cash payment of $ 20 million.

When the business is completed, Voyager customers could withdraw their money for the first time since July last year when the crypto loan registered bankruptcy.

Voyager estimates that customers can recover 51 % of their deposits at the time when the company registered bankruptcy when the business is completed with Binance Us to buy assets, Sussberg stated. However, if CFIUS blocks the transaction, Voyager must use the existing cryptocurrencies to repay customers, he noted and added that this would lead to a lower payment for Voyager users.

While the purchase contract between Binance Us and Voyager may be continued, the court has made it clear that the supervisory authorities can object to the final approval of the sale.

What do you think that despite the objections of the SEC and other supervisory authorities, the court gave the green light for the bankruptcy agreement of the bankruptcy agreement of crypto loan voyager with Binance Us? Let us know in the comment area below.