Binance US has agreed to amass bankrupt lending firm Voyager for $1.022 billion.
The corporate introduced the tender in a December 19 press launch. The deal has been set at $1.022 billion, with an extra consideration of $20 million because of the Toronto-based lender beforehand having an identical market worth.
In keeping with Binance, its primary objective is to “return cryptocurrency to customers within the quickest attainable timeline.”
A separate assertion revealed that Binance US has acquired the corporate, so it will probably return cryptocurrencies to clients seamlessly. This course of can be carried out in step with current court docket tips and platform capabilities.
In July, Voyager Digital Ltd. filed for Chapter 11 chapter.
A public listening to between Voyager Digital LLC and Binance US is scheduled for January 5, 2023. The bankrupt firm is looking for specific court docket approval to enter into a proper contract with Binance US. Clients of bankrupt lenders have been informed to observe for emails concerning subsequent steps.
Binance US is a subsidiary of the Binance alternate launched particularly for US customers. The centralized alternate is structured and licensed to function inside current US laws.