Binance.US can move ahead with plan to acquire Voyager Digital's assets, judge rules

03/08 01:35

According to Coindesk, Binance.US cleared a major hurdle in its effort to acquire the assets of bankrupt crypto lender Voyager Digital in a deal worth over $1 billion after Michael Wiles, a bankruptcy judge in the Southern District of New York, overruled the various objections to the proposed acquisition. While the judge said he would still work through the confirmation order, he indicated he was in favor of approving the deal. During day four of the hearing on Tuesday, Judge Wiles ultimately ruled that these regulators' objections did not outweigh the need to proceed with the restructuring of Voyager. Binance.US may still have to clear certain regulatory hurdles before the deal can be finalized. Voyager's VGX token surged over 8% in the minutes after the ruling.
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