• Voyager Digital and Binance.US have agreed to a $1.022 billion dollar asset purchase deal.
• The SEC has raised questions about the adequacy of the information Binance.US provided in its disclosure statement.
• Voyager Digital has responded to these objections by arguing that they lack factual or legal support.
Voyager Digital, a bankrupt cryptocurrency brokerage company, recently agreed to a $1.022 billion asset purchase deal with Binance.US, the US arm of the popular crypto exchange. This agreement has sparked objections from the Securities and Exchange Commission (SEC), who have inquired about the adequacy of the information Binance.US provided in its disclosure statement. The Commission is particularly concerned about the exchange’s ability to “consummate a transaction of this magnitude.”
In response to these objections, Voyager Digital has argued that they lack factual or legal support. They note that Binance.US offered the “highest and best bid” for their assets and that the exchange has made a $10 million deposit for the transaction. Voyager Digital also asserts that Binance has provided sufficient evidence to demonstrate its ability to complete the purchase.
The SEC has yet to make a final decision on the transaction and it is unclear if the objections will be upheld. However, Voyager Digital remains confident that their acquisition deal with Binance.US will be approved, citing their confidence in the exchange’s ability to close the deal. If the SEC does approve the transaction, Voyager Digital will be able to pay off their creditors and move forward with their operations.