US Bankruptcy Judge Michael Wiles stated that blocking the sale of Voyager Digital to Binance US would hurt customers who expect to get their funds back.
Voyager Digital, the crypto company that declared bankruptcy in the crypto money market shaped after the Terra crisis, could not change hands due to legal processes. The company, which was previously sold to FTX, was in vain with the bankruptcy of FTX. Binance US, which stepped in later, has not yet fully completed the sale due to the pressure of the regulators. However, Judge Michael Wiles, who is facing the bankruptcy of Voyager Digital, has approved the sale and is not backing down, despite all regulatory pressure.
Voyager Winks at Binance US Despite Pressure
Despite pressure from US officials and regulators, US Bankruptcy Judge Michael Wiles does not back down from his approval for the sale of Voyager Digital to Binance US.
According to Wiles, this deal needs to happen quickly, and if that doesn’t happen, there may be grievances. Wiles stated that the fund owners on the Voyager Digital side are waiting for this sale.
Rejecting the US authorities’ request to stop the sale, Wiles argued that this decision was pre-approved and should take place. In addition, US officials demanded that the people involved in the sale be followed.
Finally, Wiles stated that he found the pressures by US officials and regulators to be exaggerated and decided to continue the bankruptcy plan.
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