Binance.US terminates $1.3B deal to acquire Voyager's assets.

1 min read
Source: CoinDesk
Binance.US terminates $1.3B deal to acquire Voyager's assets.
Photo: CoinDesk
TL;DR Summary

Binance.US has terminated the $1 billion asset purchase deal with bankrupt crypto lender Voyager Digital, citing the "hostile and uncertain regulatory climate in the United States." Voyager Digital said its Chapter 11 plan allows for direct distribution of cash and crypto to customers via the Voyager platform. A substantive part of the deal was allowed to proceed by the US government in an April 20 filing, despite concerns the fine print of the contract would pardon breaches of tax or securities law.

Share this article

Reading Insights

Total Reads

0

Unique Readers

0

Time Saved

1 min

vs 2 min read

Condensed

77%

35382 words

Want the full story? Read the original article

Read on CoinDesk