Voyager can sell assets to Binance.US, judge rules
Proceeds from the deal should go toward compensating former Voyager users.
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Voyager said the financial regulator’s objection to Binance.US purchase of its assets were causing delays that were costing it as much as $10 million monthly.
The two companies set up a reserve agreement prior to the latter's bankruptcy.
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Trustees of the Voyager estate may go after customers who withdrew funds up to 90 days before the platform filed for bankruptcy.
Simon Lee said that selling Hodlnaut instead of liquidating its assets will help maximize value for its creditors.
Voyager said 97% of its customers have voted in favor of its bankruptcy plan, which includes selling its assets to Binance.US.