Judge denies US government's request to halt Binance-Voyager deal.

1 min read
Source: Cointelegraph
Judge denies US government's request to halt Binance-Voyager deal.
Photo: Cointelegraph
TL;DR Summary

The US District Court for the Southern District of New York has denied the US government's appeal to halt the acquisition of bankrupt brokerage firm Voyager Digital by Binance.US. The court ruled that any delay in the deal would harm the interests of Voyager's former clients waiting for the return of their funds. The court's approval for Binance.US' acquisition of Voyager was granted on March 7, and the restructuring plan is expected to result in Voyager creditors recovering approximately 73% of the value of their funds.

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