Binance.US will purchase belongings of bankrupt crypto lender Voyager Digitals for $1.022 billion, in line with a Dec. 19 press launch.
In line with the press assertion, Voyager mentioned Binance.US’ bid for its belongings was the very best and one of the best supply. The agency added that the bid “units a transparent path ahead for Voyager buyer funds to be unlocked as quickly as potential.”
The press assertion revealed that the bankrupt lender’s crypto belongings have been valued at $1.002 billion, whereas there was a further consideration of $20 million for incremental worth.
Voyager mentioned Binance.US would make a $10 million deposit to the crypto lender and reimburse the lender as much as $15 million for its bills.
“Ought to the deal not shut by April 18, 2023 topic to a one-month extension, the settlement permits Voyager to instantly transfer to return worth to clients.”
Binance.US is anticipated to return Voyager clients’ crypto belongings in variety.
In the meantime, the deal remains to be topic to the Chapter Court docket approval slated for Jan. 5, 2023.
Beforehand, Sam Bankman-Fried’s FTX received the bid for the bankrupt crypto lender belongings. Nonetheless, with SBF’s crypto empire collapsing, a number of crypto companies, together with Binance.US and CrossTower, submitted a revised bid for Voyager’s belongings.
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