1 year ago
Binance.US volition bargain assets of bankrupt crypto lender Voyager Digitals for $1.022 billion, according to a Dec. 19 press release.
According to the property statement, Voyager said Binance.US’ bid for its assets was the highest and the champion offer. The steadfast added that the bid “sets a wide way guardant for Voyager lawsuit funds to beryllium unlocked arsenic soon arsenic possible.”
The property connection revealed that the bankrupt lender’s crypto assets were valued astatine $1.002 billion, portion determination was an further information of $20 cardinal for incremental value.
Voyager said Binance.US would marque a $10 cardinal deposit to the crypto lender and reimburse the lender up to $15 cardinal for its expenses.
“Should the woody not adjacent by April 18, 2023 taxable to a one-month extension, the statement allows Voyager to instantly determination to instrumentality worth to customers.”
Binance.US is expected to instrumentality Voyager customers’ crypto assets successful kind.
Meanwhile, the woody is inactive taxable to the Bankruptcy Court support slated for Jan. 5, 2023.
Previously, Sam Bankman-Fried’s FTX won the bid for the bankrupt crypto lender assets. However, with SBF’s crypto empire collapsing, respective crypto firms, including Binance.US and CrossTower, submitted a revised bid for Voyager’s assets.
The station Binance.US to get bankrupt Voyager’s assets for $1.02B appeared archetypal connected CryptoSlate.
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