The Binance-Voyager deal has taken several twists and turns lately. Untethered, the bankrupt crypto lender was focused on selling off its assets and holding stablecoins instead.

In the previous month, the defunct cryptocurrency lender Voyager has managed to pocket $610 million USDC in two different addresses. These funds are the result of the lender’s selloff movement, which incorporated a number of assets including Shiba Inu [SHIB], Ethereum [ETH], and Voyager Token [VGX]. Earlier today, blockchain sleuth, Lookonchain noted that Voyager sent out $150 million worth of USD Coin [USDC] to Circle. The firm exchanged the stablecoin for fiat.

This wasn’t the first time that Voyager was getting rid of its Shiba Inu, Ethereum, and Voyager tokens holdings. Over the last couple of months, several such transactions have occurred. Earlier this month, Voyager sent about 1.6 trillion Shiba Inu to a number of significant cryptocurrency exchanges like Coinbase and Binance, in three separate payments of 400 billion and 800 billion SHIB each.

Along with Shiba Inu, Ethereum, and Voyager Token, the bankrupt lender has liquidated assets like Compound [COMP], Chainlink [LINK], Sushi [SUSHI], as well as Maker [MKR].

Binance.US-Voyager deal takes a backseat amidst CFTC lawsuit

It looks like Voyager predicted trouble. Despite Judge Michael Wiles’ approval earlier this month for Binance.US, to move Voyager’s assets in the $1.3 billion takeover agreement, the insolvent lender carried out its selloffs.

However now, a federal judge decided to temporarily halt the acquisition agreement. This was done in order to give the government more time to answer the numerous objections against the deal. This was done in light of the latest lawsuit by CFTC against Binance as well as its founder Changpeng Zhao.

This particular acquisition garnered backlash from several regulators. This list included the Securities and Exchange Commission [SEC], the Department of Justice [DOJ] bankruptcy office, and New York authorities.

NEWS BY – CETOEX NEWS

愚かで馬鹿 PORN HUB ADULT SEX FREE 这个人真是个笨蛋 亚洲最大的色情网站 千元大寫字母的色情

Thanks for sharing your thoughts on kumpulan lesbian Cerita Dewasa Dewasa smp.

Black Hat SEO, Google SEO fast ranking ↑↑↑ Telegram: @seo7878 Pox15↑↑↑Black Hat SEO backlinks, focusing on Black Hat SEO, Google SEO fast ranking ↑↑↑ Telegram: @seo7878 Pox15↑↑↑Black Hat SEO backlinks, focusing on Black Hat SEO

Back in July crypto broker Voyager Digital filed for bankruptcy citing the market conditions. An array of firms lined up to save Voyager from insolvency. Now-bankrupt firm, FTX was a top contender. However, Binance’s US wing managed to garner the court’s approval for the same.

Earlier today, Bloomberg brought to light that Voyager will be selling its crypto platform to Binance.US for $20 million. However, this is an initial approval that comes from the bankruptcy judge. The deal will need the green signal of creditors as well as final court approval. Before US Bankruptcy Judge Michael E. Wiles completely accepts the associated bankruptcy liquidation plan, the deal cannot be finalized.

According to the terms of the agreement, Binance will assume ownership of the assets that Voyager is holding on behalf of its clients which amounts to $1 billion. Following this, account holders will have the opportunity to withdraw their funds.

Voyager’s lawyer Christine A. Okike further went on to highlight the importance of customers in this case. The lawyer said that customers will entail the right to vote on the Binance deal over the next couple of weeks.

Bankruptcy judge overrules opposition by regulators against Binance acquisition

Voyager’s deal with Binance attracted a lot of naysayers. This list includes the U.S. Securities and Exchange Commission [SEC], Department of Justice [DoJ] along with financial authorities from New York, Texas, and Vermont. Despite being heavily scrutinized FTX’s Alameda Research also condemned this deal. Voyager simply moved on labeling the objections “hypocrisy and chutzpah” based on speculations that are unverified.

Wiles dismissed the concerns put forth by the aforementioned entities. The bankruptcy judge said that he will approve a final order after making a few minor wording adjustments. This will enable Voyager to sign a contract with Binance and submit to creditors a summary of the agreement and the liquidation plan for a vote.

Additionally, Voyager has 1.2 million customers and $1 billion in assets sitting on its crypto platform. This will remain as it is until the bankruptcy case reaches a conclusion.