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Asset Purchase Deal

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Binance.US terminates $1.3B deal to acquire Voyager's assets.
cryptocurrency2 years ago

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

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.