Binance news4/24/2023 ![]() We may receive financial compensation from these third parties. Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. ![]() The Voyager VGX token, which rallied following last week’s court ruling, was also up today, trading 9% higher at $0.344700. The reaction to the news from the Binance community saw the price of the native BNB token jump 6% to $328 as of 11:00 am ET on Thursday. Now, following the latest ruling, an agreement between Voyager and Binance has the deal set for execution on 20 March, having originally been slated for 15 March. The deal appeared to be hitting the rocks before the bankruptcy court allowed it to proceed. BNB price jumps 6% after the newsīinance.US was approved to acquire Voyager for $1 billion in December 2022, as CoinJournal reported. He added that halting the process will only hurt Voyager customers even further, with people having waited for an opportunity to access their crypto assets since the company stopped withdrawals in July last 2022. In its appeal via the US Trustee’s Office, the DOJ wanted the acquisition halted until a number of legal objections were settled.Īccording to the government, allowing the process to continue as determined by the court could see Voyager and its staff likely absolved of tax or securities laws violations.īut in his ruling, Judge Wiles noted that the $1 billion deal that he approved last week does not include such exemptions. The US Department of Justice appealed Judge Wiles’ ruling that allowed Voyager to sell its assets to Binance.US, a decision the bankruptcy judge gave on 9 March this year. Judge rules Binance.US-Voyager deal to go ahead Wiles, United States Bankruptcy Judge at the Southern District of New York court, denied the US government’s request to halt Binance.US’ bid for Voyager, citing the impact this is having on customers of the bankrupt crypto lender. ![]() In a court ruling on Wednesday, Michael E. Wiles said pausing the deal pending government appeal would only hurt Voyager clients.īinance.US, the US-regulated subsidiary of the world’s largest cryptocurrency exchange by trading volume Binance, should go ahead to complete its $1 billion acquisition of Voyager Digital, a bankruptcy judge has ruled.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |