Binance.US cancels $1B Voyager asset purchase deal.

1 min read
Source: Cointelegraph
Binance.US cancels $1B Voyager asset purchase deal.
Photo: Cointelegraph
TL;DR Summary

Binance.US has backed out of its agreement to purchase $1 billion of bankrupt cryptocurrency brokerage Voyager Digital assets, citing the "hostile and uncertain regulatory climate in the United States." The deal had been blocked on March 28 by an emergency stay granted by a judge while the U.S. Department of Justice appealed Voyager’s bankruptcy plan. Voyager and the Voyager Official Committee of Unsecured Creditors both tweeted their dismay at the development shortly before Binance.US made its announcement. Voyager declared bankruptcy on July 5.

Share this article

Reading Insights

Total Reads

0

Unique Readers

1

Time Saved

2 min

vs 3 min read

Condensed

80%

42483 words

Want the full story? Read the original article

Read on Cointelegraph