Binance.US Cancels $1.3B Deal with Voyager Digital, Putting Trillions of SHIB at Risk.
TL;DR Summary
Voyager Digital's lawyers expressed surprise at Binance.US's cancellation of a $1 billion deal to buy its assets, citing an "uncertain regulatory climate" in the US. Voyager filed for bankruptcy in July, and a deal by FTX to buy its assets fell through after FTX also collapsed in November. Voyager's creditors are likely to recover between 40% to 65% of their holdings, depending on the outcome of a parallel lawsuit involving FTX. Voyager intends to give creditors back their holdings in original cryptocurrency, subject to regulatory restrictions and platform functionality.
- Voyager Lawyers ‘Surprised’ Binance.US Canceled $1B Deal CoinDesk
- Binance.US says no deal to Voyager Digital Fox Business
- Binance.US calls off $1.3 billion deal for Voyager's assets Reuters
- Voyager Digital Says Binance.US Sent Letter Terminating $1B Asset Buy Deal CoinDesk
- 3.1 Trillion Shiba Inu (SHIB) at Risk as Voyager Deal Fails U.Today
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