{"id":72384,"date":"2023-01-11T16:17:07","date_gmt":"2023-01-11T14:17:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=72384"},"modified":"2025-09-08T14:48:35","modified_gmt":"2025-09-08T11:48:35","slug":"voyager-digital-secures-court-approval-to-sell-assets-to-binance-us","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/voyager-digital-secures-court-approval-to-sell-assets-to-binance-us\/","title":{"rendered":"Voyager Digital secures court approval to sell assets to Binance.US"},"content":{"rendered":"

The bankrupt crypto broker Voyager Digital received<\/a> initial court approval to sell its assets to Binance.US.<\/p>\n

According to the documents, the firm is authorised to conduct a vote on the deal among creditors. Its actual closing cannot take place until hearings preliminarily scheduled for March 2.<\/p>\n

If the deal is completed, Voyager Digital customers could recover up to 51% of their funds. They will be migrated to the Binance platform, after which withdrawals will be enabled.<\/p>\n

On filed for bankruptcy<\/a> on July 5, 2022, the crypto broker under Chapter 11 of the U.S. Bankruptcy Code, citing total liabilities estimated at between $1 billion and $10 billion.<\/p>\n

Voyager Digital was one of the creditors of the hedge fund Three Arrows Capital. The latter could not repay a debt of 15,250 BTC and $350 million USDC, so in June the broker sent it a notice of default<\/a>.<\/p>\n

In September, FTX won the auction<\/a> to sell Voyager Digital’s assets, offering around $1.4 billion. However, after the collapse of the Bitcoin exchange<\/a> in November, the company said it was willing to consider offers from other buyers.<\/p>\n

One of the bidders for Voyager Digital’s assets was Binance.US. According to media, its participation in the auction was in question due to ‘xenophobia’<\/a> and national security considerations.<\/p>\n

Earlier, the platform’s chief Changpeng Zhao rejected links between the platform and the Chinese authorities<\/a>. He stressed that “the origin or emigration from the PRC should not be the scarlet letter one must wear for the rest of one’s life”.<\/p>\n

As reported, on December 19 Voyager Digital said that Binance.US offered<\/a> the highest price ($1.022 billion) for the assets.<\/p>\n

In January 2023, representatives of the crypto broker described the criticism of the deal from Alameda Research and U.S. regulators as ‘hypocrisy and arrogance’<\/a>.<\/p>\n

Read ForkLog’s Bitcoin news in our Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"

The bankrupt crypto broker Voyager Digital received initial court approval to sell its assets to Binance.US.<\/p>\n","protected":false},"author":1,"featured_media":72385,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1546],"class_list":["post-72384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-voyager"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/72384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=72384"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/72384\/revisions"}],"predecessor-version":[{"id":72386,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/72384\/revisions\/72386"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/72385"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=72384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=72384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=72384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}