Binance.US says no deal to Voyager Digital
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Voyager Digital has confirmed Binance.US has shut down a deal to buy the bankrupt crypto lender's assets for $1.3 billion.
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Following Voyager’s bankruptcy last year, the company has been raising funds through an asset sale to repay its creditors.
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Representation of Bitcoin is seen with binary code displayed on a laptop screen in this illustration photo taken in Krakow, Poland, on Aug. 17, 2021. (Jakub Porzycki/NurPhoto via Getty Images / Getty Images)
The company had initially agreed to sell its assets to major digital asset exchange FTX, but that deal fell apart when FTX imploded in November.
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Binance.US stepped in later, but the acquisition was clouded by regulatory opposition. Last month, a federal judge temporarily stopped Voyager from completing the proposed deal, allowing the U.S. government more time to pursue challenges.
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Reuters contributed to this report