CryptoMediaClub
Thursday, October 2, 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

Crypto Exchange Bullish Launches in 20 US States After Securing New York BitLicense
All news

Crypto Exchange Bullish Launches in 20 US States After Securing New York BitLicense

02.10.2025
0

Crypto trading platform Bullish has officially entered the US market, launching operations in 20 states after securing a BitLicense and...

Read moreDetails
Bitcoin Breaks $118K As ‘Uptober’ Rally Takes Hold On Dollar Weakness

Bitcoin Breaks $118K As ‘Uptober’ Rally Takes Hold On Dollar Weakness

02.10.2025
Japanese Loans Giant MBK Announces $2M Bitcoin Purchase, Crypto Exchange Deal

Japanese Loans Giant MBK Announces $2M Bitcoin Purchase, Crypto Exchange Deal

02.10.2025
Bitcoin Price Prediction: Can BTC’s $118K Breakout Rally Hit $124K Next?

Bitcoin Price Prediction: Can BTC’s $118K Breakout Rally Hit $124K Next?

02.10.2025
Perplexity AI Predicts Explosive Gains for XRP, Cardano and Dogecoin by the End of 2025

Perplexity AI Predicts Explosive Gains for XRP, Cardano and Dogecoin by the End of 2025

02.10.2025
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

36 Trillion Shiba Inu Remain Profitable for Active Addresses During Market Downturn

36 Trillion Shiba Inu Remain Profitable for Active Addresses During Market Downturn

2 years ago
SBI expands Ripple remittance tech to banks in Vietnam, Indonesia, Philippines

SBI expands Ripple remittance tech to banks in Vietnam, Indonesia, Philippines

2 years ago
Pepe Price Prediction as PEPE Hits ATH – Time to Buy?

Pepe Price Prediction as PEPE Hits ATH – Time to Buy?

2 years ago
Bitcoin Price Shot Up to $44K While Altcoins Explode by Double Digits

Bitcoin Price Shot Up to $44K While Altcoins Explode by Double Digits

2 years ago

Categories

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

Highlights

Why did the crypto market pump today? Everything that helped the leg-up

Bitcoin Price Prediction: Can BTC’s $118K Breakout Rally Hit $124K Next?

Bitcoin rally looms with projections hinting at $200,000 surge

Perplexity AI Predicts Explosive Gains for XRP, Cardano and Dogecoin by the End of 2025

Will a US data blackout shove more money into Bitcoin?

VisionSys AI Stock Crashes 57% on $2B Solana Treasury Bet – Recovery Ahead?

Trending

Crypto Exchange Bullish Launches in 20 US States After Securing New York BitLicense
All news

Crypto Exchange Bullish Launches in 20 US States After Securing New York BitLicense

02.10.2025
0

Crypto trading platform Bullish has officially entered the US market, launching operations in 20 states after securing...

Bitcoin Breaks $118K As ‘Uptober’ Rally Takes Hold On Dollar Weakness

Bitcoin Breaks $118K As ‘Uptober’ Rally Takes Hold On Dollar Weakness

02.10.2025
Japanese Loans Giant MBK Announces $2M Bitcoin Purchase, Crypto Exchange Deal

Japanese Loans Giant MBK Announces $2M Bitcoin Purchase, Crypto Exchange Deal

02.10.2025
Why did the crypto market pump today? Everything that helped the leg-up

Why did the crypto market pump today? Everything that helped the leg-up

02.10.2025
Bitcoin Price Prediction: Can BTC’s $118K Breakout Rally Hit $124K Next?

Bitcoin Price Prediction: Can BTC’s $118K Breakout Rally Hit $124K Next?

02.10.2025
  • 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