Voyager Lenders: Binance.US Deal Must Close By April 13th

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Voyager and its creditors could lose $100 million if the U.S. government's legal objections are not metare allowed until April 13.This is stated in court documents.

The bankrupt crypto lender is now doing everything it can to allow the cryptocurrency exchange Binance.US to purchase its assets for $1 billion.

"The implementation of the plan by April 13 is necessary to maintain the creditor value.There is overwhelming evidence that if the deal is not completed, creditors will loseapproximately $100 million," Voyager's creditors write in the lawsuit.

A parallel application filed by Voyager itself says that any delay will beThe company also claims that more than 1 million customers will not be able toget access to savings if there is no deal. 

Under the terms of the deal, originally signed in December and approved by a bankruptcy judge in March, Binance.US canwithdraw if the agreement is not closed within four months.

At the end of March, after a month of litigation, the US authorities finally managed to get the deal between Voyager and Binance.US terminated.The March 27 court ruling said the decision was made after considering oral arguments and written submissions from all parties.

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.