Binance US to Buy Voyager Assets for $1B

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The Binance US cryptocurrency exchange has offered the best conditions for the purchase of Voyager Digital assets - the deal must be closed by April 18, 2023.

American branch of the cryptocurrency exchangeBinance won the tender to acquire the assets of the bankrupt crypto lender worth more than $1 billion. Voyager said that Binance US’s offer was the best to date. The date for the asset repurchase has not yet been set, but Binance decided to add an additional $20 million to the amount as a bonus.

Claims against hedge fund Three Arrows Capital(3AC) is here to stay, and any funds the company receives will go toward reimbursing creditors. Binance US's filing reportedly aims to return assets to customers in kind, subject to court-approved payouts and platform capabilities.

Binance to confirm the seriousnessintentions, agreed to pay a deposit of $10 million, as well as reimburse Voyager for expenses in the amount of $15 million. The bankruptcy court will hold hearings in early January to approve the deal, and it should be closed by mid-April.

At the end of September, Voyager Digital published a plan
compensation for losses through the distribution of funds received as a result of the sale of the company - the company's legal adviser submitted it for approval by the bankruptcy commission.