A federal US bankruptcy court signed off on Voyager’s long awaited restructuring plan on Tuesday, with Binance.US officially stepping in as the crypto credit company’s expected financial savior.
Binance.US has agreed to cough up $1.3 billion in the process, according to multiple reports, in an agreement to acquire Voyager’s assets. The billion dollar-plus payout, according to រ៉យទ័រ, accounts “for the bulk of the deal’s valuation.”
Voyager’s numerous creditors — including retail customers whose assets have been locked up on the platform since 2022 — have been increasingly ramping up settlement pressure. The creditors and their attorneys have gone up against repeated complications in that attempt, including objections born out of regulatory concerns.
Binance.US in December 2022 reached a tentative agreement to purchase Voyager outright for $1.022 billion, Blockworks previously reported. In the interim, the SEC stepped in to object to that outcome, bogging down the bankruptcy proceedings.
វ៉ូយ៉ាហ្គឺ វីជីជី token soared more than 40% on the news of Binance.US’ original handshake agreement, before giving up much of its gains.
As word of the new deal percolated on Tuesday — a deal which still faces a number of prerequisite sign offs, meaning it does not appear to be finalized in full — VGX jumped again.
The lender’s native token was up 25.8% on the day through early Tuesday evening in New York, according to Blockworks Research.
ទទួលបានព័ត៌មាន និងការយល់ដឹងអំពីគ្រីបតូកំពូលប្រចាំថ្ងៃ ដែលផ្ញើទៅកាន់អ៊ីមែលរបស់អ្នកជារៀងរាល់ល្ងាច។ ជាវព្រឹត្តិប័ត្រព័ត៌មានឥតគិតថ្លៃរបស់ Blockworks ឥឡូវនេះ។
ចង់បានអាល់ហ្វាផ្ញើដោយផ្ទាល់ទៅប្រអប់សំបុត្ររបស់អ្នកទេ? ទទួលបានគំនិតពាណិជ្ជកម្ម degen, បច្ចុប្បន្នភាពអភិបាលកិច្ច, ការអនុវត្តសញ្ញាសម្ងាត់, មិនអាចខកខាន tweets និងច្រើនទៀតពី ការបកស្រាយប្រចាំថ្ងៃរបស់ Blockworks Research.
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Source: https://blockworks.co/news/judge-approves-voyager-binance-plan