SBF extradition pending, Binance.US to acquire Voyager’s assets: CryptoSlate Wrapped Daily SBF extradition pending, Binance.US to acquire Voyager’s assets: CryptoSlate Wrapped Daily
SBF was sent back to jail and not extradited following his latest hearing, Binance.US plans to acquire the assets of bankrupt crypto lender Voyager, and more in this CryptoSlate Wrapped Daily.
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Updated: Aug. 18, 2023 at 5:00 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The biggest news in the cryptoverse for Dec. 15 includes SBF being sent back to jail and not extradited following his latest hearing, Binance.US planning to acquire the assets of bankrupt crypto lender Voyager, and more in this CryptoSlate Wrapped Daily.
CryptoSlate Top Stories
SBF sent back to jail despite dropping fight against extradition
Crypto influencer Ben Bitboy Armstrong claimed that SBF was sent back to the Bahamas jail after his latest court hearing, putting an end to extradition rumors.
Media reports earlier in the day claimed that SBF was expected to be extradited back to the U.S. on Dec. 19. However, the hearing seems to have taken a different turn due to a “mysterious event” that occurred over the weekend of Dec. 16, according to Armstrong.
Binance.US has agreed to acquire Voyager’s assets for $1.02B
Binance.US will buy assets of bankrupt crypto lender Voyager Digitals for $1.022 billion, according to a Dec. 19 press release.
According to the press statement, Voyager said Binance.US’ bid for its assets was the highest and the best offer. The firm added that the bid “sets a clear path forward for Voyager customer funds to be unlocked as soon as possible.”
The press statement revealed that the bankrupt lender’s crypto assets were valued at $1.002 billion, while there was an additional consideration of $20 million for incremental value.
Nigeria will recognize crypto as an investment class
Nigeria lawmaker Babangida Ibrahim said that the country is set to recognize cryptocurrencies as an investment class in its proposed investments and securities amendment bill, local Punch news reports.
The amendment bill passed the second hearing will allow the Nigerian Securities and Exchange Commission (SEC) to recognize cryptocurrency as capital for investment.
Top 50 FTX creditors only owed $114 million in claims out of billions
Tthe largest unsecured claim in the FTX bankruptcy case amounts to $36.2 million and none of the top 50 creditors are considered “insiders.”
The total sum allegedly owed to the top 50 creditors is roughly $114 million.
Given the billions of dollars of customer funds allegedly traded between FTX and Alameda, it is unclear as to why the Creditors list comes in so low in comparison. FTX reportedly had over 5 million users at its peak so the top 50 Creditors make up less than 1%.
Biggest Gainers (24h)
- Voyager Token (VGX): +26.44%
- BinaryX(BNX): +16.37%
- Creditcoin (CTC): +13.9%
Biggest Losers (24h)
- Kaspa (KAS): -11.84%
- Radicle (RAD): -11.23%
- FTX Token (FTT): -11.18%
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In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
FTX Token
$2.88845
FTX is a cryptocurrency derivatives exchange that offers futures, leveraged tokens and OTC trading.
Voyager Token
$0.09413
The Voyager Token (VGX) rewards users within the Voyager crypto broker ecosystem.
Binance
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies.
FTX
FTX is a defunct cryptocurrency exchange, currently in bankruptcy proceedings, that was founded by Sam Bankman-Fried and Zixiao “Gary” Wang in May 2019.
Voyager
Voyager Digital is a bankrupt cryptocurrency exchange company in the United States that was founded in 2018.
