Voyager: Judge Expresses Surprise at SEC's Objection to Binance.US Deal
Crypto broker Voyager Digital filed for bankruptcy in the middle of 2022, blaming the state of the market. Several businesses came up with plans to offer Voyager a life jacket and save it from bankruptcy. Binance.US was successful in getting the court’s clearance for the same in January 2023. However, the $1 billion deal was objected to by the SEC. The commission stated that the deal could conclude to be a discriminatory and unlawful one. Also read: ZachXBT Uncovers BitBNS Hack, Exchange Says Law Enforcement Advised Against Disclosure Source: Benzinga The crypto lender has also been on a dumping spree, with over $100 million worth of assets sold per week. Recent on-chain data also reveals that Voyager has transferred 4,000 ETH, 300 billion Shiba Inu, and 5 million Voyager tokens to Coinbase. US bankruptcy judge Michael Wiles recently shared his skepticism about the SEC’s objections to the Binance.US deal. SEC believes that Voyager tokens could constit...