Judge Allows Binance US To Bid For Voyager Assets
Bankrupt crypto lender Voyager’s proposed deal to sell some of its assets to Binance US is a step closer to becoming reality.
U.S. District Judge Michael Wiles, of the bankruptcy court for the Southern District of New York, approved disclosure statements explaining various aspects of the proposed plan to sell Voyager assets during a hearing Tuesday afternoon but asked for attorneys working on the deal to revise the proposed order documents before he approves them.
The deal, which will be the subject of another confirmation hearing in March, also needs approval from a majority of Voyager’s creditors.
Voyager initially agreed to sell itself to FTX, but reopened the bidding process after Sam Bankman-Fried’s exchange collapsed in November. Binance.US swooped in with the winning offer in December.
(Reporting by Shikha Singh, Editing by Laxmikant Khanvilkar)
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