Sale of Voyager Digital to Binance Us on the Rocks Again

Sale of Voyager Digital to Binance Us on the Rocks Again

On March 27, a federal judge prevented the bankruptcy crypto loan Voyager Digitally from completing a planned sale of $ 1.3 billion to binance.Us.

The US government had asked for more time to examine the legality of the planned takeover, which prompted Jennifer Reard's answer.

a blow for Voyager customers

The concerns expressed were that the sale could not include registered securities and could violate US securities laws.

The judge rejected Voyager's argument that further delays could lead to binance.Us fully get out of the deal. This goes hand in hand with the CFTC lawsuit, which was led against Binance on March 27th.

In mid-March, a judge refused to delay the DOJ's request on a further delay on the grounds that this could harm the interests of the Voyager customers.

Last week Voyager said in court files that the appointments of the doj should not be admitted to keep the company and its customers "in the floating".

binance.Us agreed to pay the competitive crypto loan $ 20 million in cash and to take over crypto assets from customers worth around $ 1.3 billion in February.

The latest setback is a blow for those who request compensation in July after Voyager's bankruptcy request.

In addition, Binance CEO Changpeng Zhao by the CFTC was thrown at the book. The supervisory authority claimed that Binance had carried out internal trade, manipulated markets, avoided Kyc controls and kept detailed of American customers.

BNB tanks

The cryptoma markets have suffered one blow according to the news about the recent official procedure from Uncle Sam. According to Coingecko, the overall market capitalization fell by 2.8 % to $ 1.17 trillion on this day.

The Binance token BNB lost $ 5.8 % to $ 30 at a decline at a decline at the time of writing this article. The asset reached a maximum of 2023 on March 18 at $ 349, but fell by almost 8 % last week because the problems of the company tightened.

Bitcoin had fallen by $ 3.4 % below $ 27,000 after a decline, and Ethereum had lost 2.5 % to $ 2.5 % in a decline.

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