Written in CRYPTO he
Binance You are a few steps away from completing the buys of the assets of voyager (the lender of cryptocurrencies bankruptcy), after the authorization of a bankruptcy judge in the United States, despite the rejection of several state and federal lawyers.
It was this Tuesday, March 7, when the bankruptcy judge in the United States, Michael Wiles, gave his ruling in favor of voyager so that it can sell its assets with a value of more than 1,000 million dollars to Binance US, the giant exchange of bitcoins (BTC) and cryptocurrencies.
Likewise, Judge Wiles ruled in favor of a payment plan with which the thousands of users affected by voyager and its crisis, with which they could recover up to 73% of their losses.
Buying Voyager is not to the liking of many people
However, several investors and state and federal lawyers representing the Securities and Exchange Commission (SEC) disapproved of Judge Wiles’ ruling, because they affirm that this decision violates federal law, coupled with the fact that the authorized payment could hinder market regulation crypto in the future.
Furthermore, according to the SEC, both Binance manages a exchange securities not registered in the United States, both voyager sold assets without a license, so they do not support Judge Wiles’ negotiation and ruling. This rejection is joined by the New York Department of Financial Services and the United States Federal Trade Commission (FTC), for which they consider appealing the ruling.
Voyager’s options after the ruling
Now voyager You must decide whether to continue with the plan to sell to Binance US or you choose to liquidate your assets and deliver your funds to your clients. According to information from BloombergBrian Tichenor, the main banker of voyagerstated that in case the lender decides to sell to Binance US, your clients will have $100 million more than if you decide to liquidate your assets.
voyager it will have a few days to decide its actions, and although it won the first battle, it could still face more regulatory hurdles preventing the deal from being done.
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