Crypto Updates

US Court Approves Voyager’s Liquidation after Failed Binance Buyout

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bankruptcy court in the United States has sanctioned the liquidation plans of
bankrupt crypto lender Voyager Digital, permitting the firm to end its Chapter
11 reorganization efforts. Judge Michael Wiles gave the approval on Wednesday
during a hearing in Manhattan, according to court documents seen by

The crypto
lender’s lawyers have previously said the firm will self-liquidate and
shut down
operation after Binance.US abandoned
a $1 billion deal
to purchase the firm’s assets. The American arm of the leading
cryptocurrency exchange did not give a specific reason for backing out but
hinted at “the hostile and uncertain regulatory climate in the United States.”

filed for bankruptcy

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