Binance.US says no deal to Voyager Digital
Troubled crypto lender can’t pay creditors
Head of Republic Crypto Andrew Durgee discusses cryptocurrency regulation and possible 'headwinds' for Bitcoin.
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