The US Department of Justice (DoJ) has challenged the legal protections given to those involved in the sale between Voyager and Binance US.
The DoJ wants to remove a provision that would prevent bankrupt lender Voyager Digital from legally following anyone involved in the plan to sell its digital assets to crypto exchange Binance US.
In addition, US Trustee William Harrington and other government attorneys made the following claims in a petition to the New York Bankruptcy Court; “The Court improperly overstepped its legal authority in approving the pardon.”
US Officials Object to Voyager and Binance US Agreement
US officials are objecting to the protections granted to Voyager Digital executives in the Binance US sale.
Voyager Digital, the bankrupt crypto lender, has had problems changing hands since the FTX process. The company, which was initially on the agenda to be sold to FTX, was transferred to Binance with the bankruptcy of FTX. However, US officials are having trouble with the sale transaction that will take place through Binance US.
Despite the intense efforts of the SEC, the sale was passed and Voyager Digital was transferred to Binance US. The US Department of Justice and several attorneys are now appealing protection orders for Voyager Digital executives.
Finally, the US Department of Justice requests that the legal protections granted in these sales cases be overridden. In addition, officials claimed that the bankruptcy court “inappropriately exceeded its mandate.”
US officials are working hard to remove the provisions that allow them to legally follow the companies and company employees involved in these processes.
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