CryptoMediaClub
Tuesday, October 28, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Binance.US Pulls out of $1 Billion Asset Purchase Deal With Voyager

26.04.2023
A A
0
128
VIEWS
ShareShare

Binance.US has stopped a deal that would have allowed it to purchase assets of the bankrupt cryptocurrency lender, Voyager.

The termination marks the second time a deal to acquire Voyager’s assets has failed to reach completion.

The $1B Deal Falls Through

Voyager revealed that Binance.US served the struggling crypto lender a letter on April 25, 2023, terminating the deal to purchase its assets, and described the latest development as “disappointing.”

Binance.US, which also confirmed the termination, did not state a reason for pulling the plug but highlighted the regulatory issues in the United States.

“While our hope throughout this process was to help Voyager’s customers access their crypto in kind, the hostile and uncertain regulatory climate in the United States has introduced an unpredictable operating environment impacting the entire American business community.”

Binance.US’ attempt to purchase Voyager’s assets, which was favored by a majority of the crypto lender’s customers, was met with opposition by the US Securities and Exchange Commission (SEC) and the Department of Justice.

ADVERTISEMENT

The Commodity Futures Trading Commission (CFTC) also sued the international entity Binance, alleging that the firm solicited US customers in contravention of federal trading laws.

Although the courts recently approved the purchase deal between Binance US and Voyager to continue, the termination from Binance could serve as another blow to Voyager customers who have witnessed the failure of two asset purchase agreements.

Before Binance.US, crypto exchange FTX.US, the American arm of the international firm FTX, won the bid in October 2022 to purchase Voyager’s assets. However, the deal fell through following FTX’s collapse and its eventual bankruptcy in November 2022.

Voyager Focuses on Reimbursing Affected Customers

Voyager, meanwhile, said the next course of action would be to directly reimburse customers whose assets were frozen in July 2022, based on its Chapter 11 plan.

“Consistent with the plan, we will now move swiftly to return value to customers via direct distributions. We will provide more information on next steps and any actions customers need to take in the coming days.”

The distressed cryptocurrency lender also said Binance will have to permanently destroy all Voyager customer information and close any accounts set up with such information, based on the terms set in the asset purchase deal.

SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

Share10Tweet6ShareSharePin2

Related Posts

ChatGPT’s XRP Analysis: XRP ETF Breaks $100M and Garlinghouse Eyes Trump Crypto Board
All news

ChatGPT’s XRP Analysis: XRP ETF Breaks $100M and Garlinghouse Eyes Trump Crypto Board

28.10.2025
0

ChatGPT’s XRP analysis has revealed that XRP is consolidating at $2.6834 in a key decision zone, as the XRP ETF...

Read moreDetails
DOGE Price Prediction: Dogecoin Price Up 43% YoY As DOGE Breaks Resistance – Is $0.5 Coming in November 2025?

DOGE Price Prediction: Dogecoin Price Up 43% YoY As DOGE Breaks Resistance – Is $0.5 Coming in November 2025?

27.10.2025
Q3 2025: Bitcoin Surged to ATH But With ‘Notable Laggard’ as Ethereum Led the Quarter

Q3 2025: Bitcoin Surged to ATH But With ‘Notable Laggard’ as Ethereum Led the Quarter

27.10.2025
[LIVE] Altcoin Season Price Watch, October 27 – Trending Altcoins Lag as Liquidity Clings to BTC

[LIVE] Altcoin Season Price Watch, October 27 – Trending Altcoins Lag as Liquidity Clings to BTC

27.10.2025
Michael Saylor’s Strategy Buys 390 BTC, Boosting Treasury to 640K BTC

Michael Saylor’s Strategy Buys 390 BTC, Boosting Treasury to 640K BTC

27.10.2025
Load More
Next Post
Shiba Inu Burn Rate Plummets by 100%, Zero SHIB Burned in the Last 24 Hours

Shiba Inu Burn Rate Plummets by 100%, Zero SHIB Burned in the Last 24 Hours

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

U.S Fed Chairman Defends Crypto Sustainability Before Congress

U.S Fed Chairman Defends Crypto Sustainability Before Congress

2 years ago
Chainlink VRF Deployed on Ethereum Layer 2 Scaling Solution Arbitrum One

Chainlink VRF Deployed on Ethereum Layer 2 Scaling Solution Arbitrum One

2 years ago

DEX Aggregator 1inch Debuts on Coinbase’s Base Blockchain

2 years ago
Bitcoin (BTC) Struggles Below $60,000 Amid $27.87M ETF Inflows, Marathon’s $250M Offering

Bitcoin (BTC) Struggles Below $60,000 Amid $27.87M ETF Inflows, Marathon’s $250M Offering

1 year ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Q3 2025: Bitcoin Surged to ATH But With ‘Notable Laggard’ as Ethereum Led the Quarter

[LIVE] Altcoin Season Price Watch, October 27 – Trending Altcoins Lag as Liquidity Clings to BTC

Michael Saylor’s Strategy Buys 390 BTC, Boosting Treasury to 640K BTC

Bitcoin rally smashes past $116k on softer Fed bets: What changes next?

China’s DeepSeek and Alibaba’s Qwen AI Beat Rivals in Crypto Trading Contest

Crypto Transfers Between Korean Exchanges and Cambodia’s Huione Jump 1,400x to $8.9M

Trending

ChatGPT’s XRP Analysis: XRP ETF Breaks $100M and Garlinghouse Eyes Trump Crypto Board
All news

ChatGPT’s XRP Analysis: XRP ETF Breaks $100M and Garlinghouse Eyes Trump Crypto Board

28.10.2025
0

ChatGPT’s XRP analysis has revealed that XRP is consolidating at $2.6834 in a key decision zone, as...

Crypto’s week ahead: Everything you need to know to close out October

Crypto’s week ahead: Everything you need to know to close out October

27.10.2025
DOGE Price Prediction: Dogecoin Price Up 43% YoY As DOGE Breaks Resistance – Is $0.5 Coming in November 2025?

DOGE Price Prediction: Dogecoin Price Up 43% YoY As DOGE Breaks Resistance – Is $0.5 Coming in November 2025?

27.10.2025
Q3 2025: Bitcoin Surged to ATH But With ‘Notable Laggard’ as Ethereum Led the Quarter

Q3 2025: Bitcoin Surged to ATH But With ‘Notable Laggard’ as Ethereum Led the Quarter

27.10.2025
[LIVE] Altcoin Season Price Watch, October 27 – Trending Altcoins Lag as Liquidity Clings to BTC

[LIVE] Altcoin Season Price Watch, October 27 – Trending Altcoins Lag as Liquidity Clings to BTC

27.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz