Skip to main content

Binance.US says no deal to Voyager Digital

The cryptocurrency exchange Binance.US has canceled a deal to purchase the bankrupt crypto exchange Voyager Digital for $1.3 billion.

Voyager Digital has confirmed Binance.US has shut down a deal to buy the bankrupt crypto lender's assets for $1.3 billion.

CRYPTO CRIMINALS BEWARE: AI IS AFTER YOU

Following Voyager’s bankruptcy last year, the company has been raising funds through an asset sale to repay its creditors.

The company had initially agreed to sell its assets to major digital asset exchange FTX, but that deal fell apart when FTX imploded in November.

FTX HAS RECOVERED $7.3B IN ASSETS, BANKRUPTCY LAWYER SAYS

Binance.US stepped in later, but the acquisition was clouded by regulatory opposition. Last month, a federal judge temporarily stopped Voyager from completing the proposed deal, allowing the U.S. government more time to pursue challenges.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Reuters contributed to this report

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.