Voyager Digital customers overwhelmingly approve of Binance.US deal

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Binance.US' plan to buy Voyager Digital assets for $1.022 billion received approval from 97% clients of a bankrupt crypto lender., over the objections of US regulators.

US Bankruptcy Court for the Southern DistrictNew York on Tuesday, February 28, issued a decision in the bankruptcy case of crypto lender Voyager Digital. The court opinion states that the vast majority of Voyager customers approved the asset repurchase plan by Binance.US.

Legal company Stretto, managingrestructuring of Voyager, interviewed, under court supervision, 61,300 account holders to whom the bankrupt crypto lender is obliged to reimburse funds. 59,183 survey participants voted in favor of accepting the restructuring plan, while 2,117 customers (3%) voted against. 

The court drew the attention of the participants to the trial thatIf the transaction between Voyager and Binance.US is not closed by April 18, 2023, then the agreement entered into between Voyager and its clients will allow the company to simply redistribute the remaining assets to creditors, rather than attempting to sell them.

Let us remind you that Voyager and Binance.US intend to complete the transaction
prevent regulatory authorities, andnamely the Securities and Exchange Commission (SEC) and the New York Department of Financial Services (NYDFS). In their filing with the bankruptcy court, regulators announced that the Binance.US plan "does not contain necessary asset security information" on the platform, specifically which Binance.US-affiliated foreign individuals or entities will have access to keys to Voyager client wallets or control anyone who has access to such wallets.