{"id":580483,"date":"2023-01-11T13:33:20","date_gmt":"2023-01-11T13:33:20","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=580483"},"modified":"2023-01-11T13:44:22","modified_gmt":"2023-01-11T13:44:22","slug":"binance-voyager-digital-court-approval","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/binance-voyager-digital-court-approval\/","title":{"rendered":"Binance US Received Go Ahead For $1 Billion Voyager Digital Deal"},"content":{"rendered":"\n
Summary: <\/p>\n\n\n\n
Binance US received approval from a bankruptcy court to proceed with a deal geared toward purchasing assets under beleaguered cryptocurrency brokerage service Voyager Digital. <\/p>\n\n\n\n
Both entities agreed<\/a> to a massive $1 billion deal in late December 2022 as previously reported. However, an inquiry from the U.S. Securities and Exchange Commission (SEC) temporarily blocked the deal from finalizing. The SEC questioned<\/a> whether the crypto exchange could indeed satisfy the financial requirements attached to the agreement. <\/p>\n\n\n\n FTX\u2019s sister firm Alameda research also filed a complaint against the deal, claiming that the agreement \u201cignores fundamental requirement and protections of the Bankruptcy code\u201d. Voyager\u2019s lawyers fired back at Alameda\u2019s \u201chypocrisy and chutzpah\u201d. <\/p>\n\n\n\n U.S. Judge Michael Wiles approved Voyager\u2019s deal with the crypto exchange late on Tuesday, per the court filing. Judge Wiles ordered that the defunct crypto broker hold a vote with its creditors regarding plans to offload some assets. <\/p>\n\n\n\n Also, another hearing was scheduled for March 2 to finalize the agreement and consider the votes from Voyager\u2019s creditors. <\/p>\n\n\n\nJudge Issues Conditional Approval<\/h2>\n\n\n\n