Bankrupt crypto lender Voyager Digital has sealed a deal with the United States federal government that paves the way for a $1 billion plan allowing Voyager to sell its assets to the U.S. arm of Binance.
On April 19, Voyager, the Official Committee of Unsecured Creditors and the U.S. government all agreed in a New York District Court that the deal for Binance to acquire Voyager’s digital assets could proceed as planned, subject to the government’s ongoing appeal on exculpation provisions.
The deal was temporarily halted by a federal judge following a request by the U.S. government for an emergency stay, but Voyager and the Committee challenged the application.
Despite U.S. regulators making several attempts to halt the deal, 97% of Voyager account holders were in favor of the deal with Binance.US. Voyager has been coordinating a plan for the redistribution of funds to creditors since filing for Chapter 11 bankruptcy in July.
