Binance.US Terminates Agreement to Buy Voyager Assets
Binance.US has announced in a tweet that it has pulled out of its agreement to buy $1 billion of Voyager Digital’s bankrupt cryptocurrency brokerage assets due to the “hostile and uncertain regulatory climate in the United States.”
This decision comes after the US government, Voyager, and the Voyager Official Committee of Unsecured Creditors reached an agreement on April 19 for the purchase to be completed, but it was blocked on March 28 when a judge granted an emergency stay while the US Department of Justice appealed Voyager’s bankruptcy plan.
The Voyager Official Committee of Unsecured Creditors and Voyager both expressed their disappointment with the news on Twitter, with the Voyager Official Committee of Unsecured Creditors stating that they were “investigating potential claims against Binance.US.”
Binance.US cited the “hostile and uncertain regulatory climate in the United States” as the primary reason for their decision to end the agreement, saying that it had created an “unpredictable operating environment impacting the entire American business community.”
