Binance.US will finally be able to acquire Voyager Digital
A court for the southern district of New York rejected the SEC's arguments that it did not allow the acquisition of Voyager Digital's assets
After a lengthy legal dispute, Binance.US won the right to acquire Voyager Digital’s assets, despite opposition from the United States Securities and Exchange Commission (SEC).
According to reports from Bloomberg and the media ambcrypto.com, the bankruptcy court judge for the southern district of New York, Michael Wiles, rejected the allegations presented by the SEC, which had argued that there was not enough information about the funds with which Binance.US was to make the acquisition, suggesting the company may have violated securities law.
The acquisition makes Binance.US the owner of Voyager’s assets, valued at more than $1 billion, and ensures that creditors can recover at least 73 % of its assets. Notably, the SEC and Alameda Research, an FTX ally, had also objected to the settlement, but Voyager criticized these claims as based on unverified speculation.
As for Voyager, the company experienced operational difficulties last year and had to file for bankruptcy on July 5, after freezing user withdrawals due to liquidity problems.
K. Tovar
Source: Diariobitcoin
(Reference image source: file)
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