The United States Securities and Exchanges Commission (SEC) has filed a limited objection to Binance US’s planned acquisition of the assets of bankrupt crypto platform Voyager.

Binance US won the bid to acquire Voyager’s assets for $1.022 billion on December 19, 2022, and also agreed to cover up to $15 million in costs.

In its filing, the SEC stated that the disclosure statement for the deal did not provide enough information about how Binance US can afford the acquisition or about its business operations after the acquisition.

The SEC also wants more details on Voyager’s contingency plans in case the acquisition does not go through by the agreed date.

Binance US is required to make an initial deposit of $10 million and complete the acquisition by April 18, 2023, with a grace period of one month.

This is the second time that Voyager’s assets have been put up for auction; the first time, FTX won the bid, but the deal fell through after the exchange filed for bankruptcy in November 2023.