Voyager announced that as a result of agreements with the US government, the sales process with Binance US will continue.
Voyager, which declared bankruptcy last year, has been struggling with legal processes for a long time. Previously, Voyager was about to be sold to FTX. However, the bankruptcy of FTX led to Voyager’s failure. Subsequently, Binance made an offer as a strong buyer of Voyager.
The sale of Voyager to Binance US for a fee of $1 billion was approved by the US bankruptcy court. However, processes were disrupted due to regulatory pressures. Finally, Voyager announced that this sales process will continue as a result of agreements with the government.
Voyager Will Continue Sales Process
Voyager, which has been working hard on the bankruptcy processes, stated that the sales transactions it carried out with Binance US will continue.
Voyager filed an application with the New York District Court the other day. As a result of this filing, it was agreed that the sale of Voyager to Binance US could proceed as planned. The settlement was between the Voyager Official Unsecured Creditors Committee and the US government.
Crypto loan platform Voyager announced via Twitter that the processes will continue from where they left off. This news made VGX, Voyager’s token, also experience a rise.
1/ Voyager, the UCC, and the Government reached a resolution that will allow the Plan to move forward and go effective shortly.
— Voyager Official Committee of Unsecured Creditors (@VoyagerUCC) April 19, 2023
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