The US authorities stopped the transaction between Voyager and Binance.US

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After a month of litigation, US authorities were finally able to stop a $1 billion deal between bankrupt crypto lender Voyager and cryptocurrency exchange Binance.US.

Judge of the United States District Court for the Southern DistrictNew York's Jennifer Rearden satisfied the request of the US Department of Justice and suspended the deal. The court order, dated March 27, said the decision was made after considering oral arguments and written submissions from all parties. However, details will be announced later.

Earlier in March, a federal judge in the Southern DistrictNew York rejected a proposal from US authorities to suspend the deal, saying that waiting would harm the company's customers. Southern District of New York U.S. Attorney Damian Williams argued that approval of the deal - or parts of the deal - should be delayed until appeals are heard in higher courts. 

Crypto broker Voyager filed for bankruptcy yetin July 2022, and starting in February of this year began to actively sell off its assets. According to the analytical portal Lookonchain, Voyager sold 1,449 ETH through the Wintermute company. Sales were carried out in USDC. In total, Voyager received 2.25 million – $1,553 per ETH.

Previously, the Commodity Trade CommissionFutures (CFTC) accused Binance of not registering in the United States and violating federal laws regulating commodity markets. Binance CEO Changpeng Zhao denies the allegations.