Binance.US to buy assets of bankrupt cryptocurrency company Voyager for $1 billion
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Bankrupt cryptocurrency company Voyager Digital informed today, December 19, which will sell its assets to Binance.US, a cryptocurrency company linked by a licensing agreement with the Binance exchange. The deal will be worth $1 billion. Voyager has yet to get approval for the deal in bankruptcy court. Its meeting will take place on January 5.
Voyager Digital, whose assets were valued at almost $6 billion at the end of 2021, went bankrupt in July. Several companies were interested in buying assets, including Binance. In September, the auction for their purchase was won by the FTX cryptocurrency exchange – it was supposed to buy Voyager assets for $1.4 billion. In November occurred loud bankruptcy of FTX itself.
Binance.US is formally an independent company associated with the main Binance exchange through a license agreement. However, as follows from issued in an October investigation by Reuters, the company is a division of the exchange created to circumvent some of the requirements of regulators. Binance.US denies the findings of the investigation.
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