Judge temporarily suspends sale of Voyager Digital to Binance.US

The sale of Voyager Digital for 1,000 million dollars is temporarily suspended at the request of the US Department of Justice

A federal judge temporarily suspended the sale of Voyager Digital to Binance.US for $1 billion.

The US Department of Justice requested an emergency stay, which was granted by Judge Jennifer Rearden of the US District Court in New York on March 27.

The settlement will have to wait until at least a decision is made on the Justice Department’s appeal against the bankruptcy plan. The acquisition was previously approved by Judge Wiles, but US regulators have tried to stop it.

Voyager’s Official Committee of Unsecured Creditors continues to oppose the Government’s efforts and awaits the next written opinion from the district court. The restructuring plan has been supported by more than 97 % of Voyager account holders and is expected to pay 73 % of what is owed to customers.

K. Tovar

Source: Cointelegraph

(Reference image source: file)

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