Binance.US will purchase belongings of bankrupt crypto lender Voyager Digitals for $1.022 billion, in accordance with a Dec. 19 press release.

Based on the press assertion, Voyager stated Binance.US’ bid for its belongings was the very best and one of the best supply. The agency added that the bid “units a transparent path ahead for Voyager buyer funds to be unlocked as quickly as attainable.”

The press assertion revealed that the bankrupt lender’s crypto belongings have been valued at $1.002 billion, whereas there was an extra consideration of $20 million for incremental worth.

Voyager stated Binance.US would make a $10 million deposit to the crypto lender and reimburse the lender as much as $15 million for its bills.

“Ought to the deal not shut by April 18, 2023 topic to a one-month extension, the settlement permits Voyager to right away transfer to return worth to prospects.”

Binance.US is anticipated to return Voyager prospects’ crypto belongings in form.

In the meantime, the deal remains to be topic to the Chapter Courtroom approval slated for Jan. 5, 2023.

Beforehand, Sam Bankman-Fried’s FTX won the bid for the bankrupt crypto lender belongings. Nevertheless, with SBF’s crypto empire collapsing, a number of crypto companies, together with Binance.US and CrossTower, submitted a revised bid for Voyager’s belongings.

The publish Binance.US to acquire bankrupt Voyager’s assets for $1.02B appeared first on CryptoSlate.

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