Voyager Digital
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Binance. US Terminates Asset Purchase Agreement with Voyager Digital Due to Regulatory Uncertainty
According to reports, Binance. US has announced its decision to terminate its asset purchase agreement with Voyager Digital, citing \”the hostile and uncertain regulatory environmen
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US officials want to remove the exemption clause protecting their executives from the proposed sale of Voyager assets
On March 15th, US officials wanted to remove a clause contained in Voyager Digital’s plan to sell its digital assets to Binance.US, which would prevent them from legally pursuing anyone involved in the sale. In a motion filed in the New York Bankruptcy Court on March 14th, the United States trustee, William Harrington, and other government lawyers argued that the court improperly exceeded its statutory powers in approving a pardon. They asked the court to defer approval of the sale for two weeks in order for them to file an…
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Voyager has sold $358.52 million of encryption assets
It is reported that since March 8, the bankrupt cryptocurrency broker Voyager Digital has received nearly US $86.8 million of USDC and sent nearly US $82.5 million of cryptocurrency tokens to various addresses belonging to the exchange. As of the press release, the three major liquidation assets of Voyager in the past day include approximately US $58.1 million of ETH, US $10.9 million of SHIB and US $7.2 million of Voyager’s own VGX tokens. According to Arkham Intelligence, a blockchain analysis company, the addresses it uses mainly belong to Coinbase,…
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The United States Department of Justice appealed the judgment of the New York judge “approving the sale of Voyager to Binance. US”
On March 10, the United States Department of Justice (DOJ) filed an appeal on Thursday night, challenging the judgment of the New York Bankruptcy Judge allowing Binance. US to buy the bankrupt Voyager Digital assets for billions of dollars. Interpretation of this information: The United States Department of Justice (DOJ) has filed an appeal against the ruling of a New York bankruptcy judge that allowed Binance.US to purchase bankrupt Voyager Digital’s assets for billions of dollars. This move highlights the tensions between the government and the cryptocurrency industry. There is…
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The bankruptcy judge agreed that Binance.US could promote the plan of acquiring the assets of Voyager Digital
It is reported that the bankruptcy judge of Voyager Digital chose to allow the transaction with Binance.US despite the objection of the United States Securities and Exchange Commission and state regulators. Interpretation of this information: The news came out that despite the opposition of the United States Security and Exchange Commission (SEC) and other state regulators, the bankruptcy judge of Voyager Digital allowed the transaction with Binance.US. This indicates a significant breakthrough as the decision defied the SEC’s stance towards Binance.US, which is currently under fire for its lack of…
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Voyager: VGX is not classified as a security, and the delayed transaction with Binance US resulted in a monthly loss of US $10 million
It is reported that according to the latest court documents submitted by the encryption lender Voyager Digital, Voyager denied the SEC’s allegation that “its native Token VGX belongs to securities”, and said that the delay in the transaction with Binance US due to the event would cause Voyager to lose about US $10 million per month. Interpretation of this information: The latest court filings from Voyager Digital reveal that the company is denying the Securities and Exchange Commission’s (SEC) allegation that its token VGX represents securities. This comes as good…
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Voyager has reached an agreement with Alameda to retain a US $445 million loan
It is reported that according to a new court document, the encryption lending platform Voyager Digital agreed to retain $445 million after being sued by Alameda Research for repayment of the loan. The lawyer filed a motion on Monday to allow the Voyager debtor to reach an agreement with the FTX debtor and the official unsecured creditor committee in each bankruptcy case. Both parties agree to participate in non-binding mediation and establish a framework for the litigation of the remaining disputes, which may pave the way for FTX and Alameda…
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Texas opposes the proposed transaction between Binance.US and Voyager due to insufficient disclosure of terms and restructuring plan
On February 27, according to a court document on February 24, the Texas Securities Commission and the banking department opposed the proposed transaction between Binance.US and the bankrupt cryptocurrency lender Voyager Digital. According to the document, Binance.US’s terms of service and restructuring plan contain many “insufficient” disclosures, including the failure to fully inform unsecured creditors. According to the plan, they may only get 24% – 26% of the recovery, rather than 51% of the recovery according to Chapter VII. Interpretation of this information: The Texas Securities Commission and banking department…
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US Federal Trade Commission: Voyager is under investigation of fraudulent encryption marketing
It is reported that the United States Federal Trade Commission (FTC) opposed the third bankruptcy reorganization plan of the encryption broker Voyager Digital. FTC said in a legal document on Wednesday that Voyager Digital and its executives were being investigated for fraudulent marketing of cryptocurrency. According to the document, the Federal Trade Commission has begun to investigate certain acts and practices of the debtor and its employees, directors and officials, because they fraudulently and unfairly market cryptocurrency to the public. Interpretation of this information: The United States Federal Trade Commission…
