The US Department of Justice (DoJ) has បានដាក់ an appeal against a judge’s approval of a bankruptcy plan for Voyager Digital that includes Binance US buying billions of dollars in assets.
The document was submitted early this morning by the DoJ’s bankruptcy component overseeing New York (US Trustee, Region 2) to the District Court for the Southern District of New York (SDNY).
Details remain unclear, yet further communications in regards to the Voyager appeal could confirm that Binance US is under investigation by the DoJ, as has been suspected by critics. Its parent company Binance has been the subject of a DoJ probe since 2018 for សក្តានុពលនៃការលាងលុយរបស់សហរដ្ឋអាមេរិក.
Customers have spent seven months waiting for their funds to be recovered — the crypto brokerage filed for bankruptcy back in July. In the past six weeks, analyst លោក Wu Blockchain estimates Voyager Digital has dumped over $350 million of on-chain assets through Binance US, along with Coinbase and over-the-counter (OTC) desks.
Voyager’s remaining assets are reportedly worth around $760 million, mostly converted into USDC ($488 million), along with:
about $150 million in ether,
more than $50 million in its native Voyager token,
and just over $40 million in SHIB.
The DoJ’s appeal against Voyager’s plan was made early this morning. However, an organized group of creditors had pre-emptively said they would វាយតបវិញ against attempts by the US government to thwart the Binance US plan:
“The [Voyager Official Committee for Unsecured Creditors] will work with the Debtors to oppose any appeal. However, an appeal could significantly delay creditor recoveries,” it wrote on Twitter.
Indeed, affected parties must now wait even longer to hear if a plan will go ahead that puts trapped funds into the hands of a firm suspected of securities violations, and owned by a global exchange accused of facilitating money laundering and evading sanctions, among other glaring issues.