Changpeng “CZ” Zhao, CEO of Binance, is considering withdrawing from the deal after the US review.
CZ hinted in a tweet that he was considering leaving the Voyger deal. CZ said that this process can be terminated.
CZ Considers Withdrawing From Voyager Agreement
Binance CEO Changpeng Zhao said in a tweet that Binance may consider terminating a transaction accepted by the US arm of the exchange to buy bankrupt crypto lender Voyager Digital.
Since its signing in December, a number of regulators in the US have contested the deal, which will sell Voyager’s assets to Binance.US in a transaction previously valued at $1 billion. Binance Holdings Ltd. does not have the authority to operate in the country and establish Binance.US as a separate company in 2019.
https://twitter.com/cz_binance/status/1631645690693828608
“Maybe we should withdraw?” Changpeng Zhao wrote by quoting a Tweet referring to another user’s post about the deal with Voyager.
A Binance.US spokesperson said:
“It remains committed to the Voyager operation.”
Zhao’s tweet is a letter from US Senators representing both Democrats and Republicans to the CEO and Binance.US boss Brian Shroder requesting that Binance and Binance.US provide a detailed account of their finances and efforts to maintain compliance. came days after they were written.
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