US Department of Justice supports Memorandum to put Voyager Binance deal worth $ 1 billion
US Department of Justice supports Memorandum to put Voyager Binance deal worth $ 1 billion
The US Justice Ministry (DOJ) submitted a memorandum of support to put the 1 billion dollar deal for the sale of assets between the bankruptcy between the bankruptcy broker Voyager Digital and Binance.
US prosecutor for the southern district of New York Damian Williams and US lovers William K. Harrington, together with other civil servants, The joint application on Tuesday in the US bankruptcy court for the southern district of New York
remind you that the doj recently appealed to check the decision of the New York judge Michael Wiles to approve the asset sales plan. It was barely 24 hours after the judge decided in favor of the deal. as Last week, judge Wiles approved the proposed plan of Voyager last week, his assets as part of a 1 billion dollar deal to binance. The SEC argued that the transaction could include the sale of non -registered securities and announced that Voyager is being investigated for violating the Federal Working Act. In the appeal, the Doj expressed its concern about the implementation of the plan to exemption from Voyager and his employees of the effects of tax violations and securities laws. Williams and Harrington have now supported the application for appeal and demanded that the sale are stopped while the authorities treat important legal questions. "This application strives (1) a partial suspension up to appeal 1 of the exculpation commission ... dated March 8, 2023, confirmation order to confirm the third joint chapter 11-plans of Voyager Digital Holdings, ... if necessary, a suspension of the total confirmation order, and (2) alternatively if the court rejects the suspension until the appeal, one Two -week suspension for the government to achieve a suspension before the district court, ”says the file. In addition, Williams said that the Doj would probably be successful with the appeal, since the US Congress did not authorize the court to treat behavior that is part of the government's regulatory powers. The lawyer argued that the insolvency law does not offer the court's basis for immunization of bankruptcy companies before law enforcement and other measures taken by the government. . Doj requested suspension of the Voyager Binance deal
Doj will probably be successful in the appeal procedure: Williams