BNB
Binance.US to Buy Assets of Bankrupt Crypto Lender Voyager for $1B
by BSC News
December 19, 2022
Binance.US has reached a deal to buy the assets of bankrupt crypto firm Voyager for $1 billion, with the aim of returning funds to customers.
Bankrupt cryptocurrency lender Voyager announced that Binance.US will purchase its assets for $1.022 billion, with the aim to reimburse the firm’s customers.
“The Binance.US bid aims to return crypto to customers in kind, in accordance with court-approved disbursements and platform capabilities,” according to a press release from Voyager.
In a sign of how quickly the crypto sector moves, it was only a few months ago that FTX had reportedly won the bidding war against Binance for Voyager’s assets, with the winning bid at the time valued at $1.4 billion.
Since then, of course, Sam Bankman-Fried’s FTX empire has crumbled around him, resulting in him being incarcerated in the Bahamas and awaiting extradition to the U.S. where he faces multiple charges of serious financial crimes.
Binance.US President and CEO Brian Shroder elaborated upon the Voyager deal in a Twitter thread:
Binance.US is the American arm of the world’s largest cryptocurrency exchange platform, Binance. Users on the platform can buy, sell, and trade over 60 popular crypto assets, including Ethereum (ETH), Solana (SOL), BNB Chain (BNB), and Bitcoin (BTC).
Related News
Latest News
April 16, 2024
What is Merlin Layer-2 Chain?
April 16, 2024
Bernstein Doubles Down on Bold Bitcoin Price Prediction
April 16, 2024
Worldcoin Launches Ethereum Layer 2 "World Chain" to Enhance User Experience
April 16, 2024
Bitcoin Reserves on Exchanges Could Vanish in Nine Months - This is Why
April 16, 2024
Drift Protocol on Solana Announces Airdrop of 100 Million DRIFT Tokens: What to Know
April 15, 2024
OKX's New Ethereum Layer-2: What is “X Layer”?
April 15, 2024
Grand Base Protocol Reportedly Exploited For $2M Exploit: What We Know
April 15, 2024
Hong Kong Greenlights First Batch of Spot Bitcoin and Ether ETFs: What's Next?
More News