Voyager Lenders Clear Path for Binance.US to Acquire Company

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According to a Voyager statement, the Committeeunsecured creditors and the US government have reached an agreement clearing the way for Binance's US subsidiary to complete its takeover of the troubled company.

Voyager Digital's Unsecured Creditors Committee (UCC) has notified clients that regulators have lifted all restrictions on Binance.US to complete the transaction.

“The government agreed that the planVoyager's acquisition can move forward without any objection and is not subject to suspension. Once the settlement is approved by the District Court, Voyager and UCC will continue to operate Binance.US,” UCC said in a statement.

In March 2023, the American representative office of the Binance cryptocurrency exchange received
bankruptcy court approval foracquisition of part of the assets of the troubled crypto lender Voyager. However, the Securities and Exchange Commission (SEC) expressed concerns about the fairness and legality of Binance.US's $1 billion purchase of Voyager Digital. The court's decision was appealed by the US Department of Justice. Government regulators accused the court of exceeding its powers and demanded
delay for the decision to come into force.

In early April, Voyager Digital and its creditors filed
counterclaim, which stated that ifIf legal challenges raised by the US government are not resolved, the company's investors could lose more than $100 million and 1 million customers would lose access to their savings.