The Voyager - Binance US deal continues as the DOJ files an appeal against a New York judge's approval. Will regulators let the billion-dollar transaction go through?
The United States Department of Justice has filed an appeal against the latest decision in the case for the selling of assets between Voyager Digital and Binance.US.
On March 8, the U.S. Trustee for Region 2 made the appeal to the U.S. District Court for the Southern District of New York against the approval of Voyager Digital’s Chapter 11 bankruptcy plan., on March 7, by U.S. bankruptcy judge Michael Wiles. This plan would have allowed the former crypto brokerage company to sell billions of dollars in assets to Binance.US in an effort to regain liquidity to pay back customers.
After Wiles told Bloomberg that he could not put the case into an “indeterminate deep freeze while regulators figure out whether they believe there are problems with the transaction and plan.“
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