The US Department of Justice intends to ban Voyager from the sale of assets to Binance.US

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The U.S. Department of Justice plans to ban the U.S. division of cryptocurrency exchange Binance from selling the assets of bankrupt crypto lender Voyager.

The U.S. Office of Trustees is the oversight arm of the Department of JusticeThe bankruptcy appeal came just a day after federal judge Michael Wiles approved the deal after a controversial four-day marathon of hearings. 

If Voyager is unable to sell the assets, the company has another optionA full liquidation, which is likely to result in much smaller amounts of compensation for creditors. 

The U.S. Securities and Exchange Commission (SEC) and regulators in various states have opposed the proposed Binance.US deal.Last month, the SEC filed an objection to the purchase of Voyager, arguing that Binance.US couldHowever, in response to the SEC's concerns, Judge Wiles stated:

"Things have to be done, we have creditors who are waitingAnd in the midst of all this uncertainty, don't have access to the property they've invested in, so we have to do something."

Voyager filed for bankruptcy back in July 2022, and starting in February of this year, it began to actively sell off its assets.According to the analytical portal Lookonchain, Voyager sold 1,449 ETH through Wintermute.In total, Voyager received 2.25 million - $1,553 per ETH.