According to a press release, Binance US will buy Voyager’s assets as part of the bankruptcy proceedings. The company will seek legal approval for the purchase to “the value returned to customers and other creditors.”
The collapse of Three Arrows Capital (3AC) negatively impacted crypto lender Voyager. The Terra (LUNA) ecosystem implosion led to the liquidation of 3AC and many companies, such as Voyager, to file for bankruptcy.
Their customers are still awaiting resolution, and for this crypto lending firm, the deal will Binance US might provide a clear path. The press release states the following:
Binance.US and the Company will work to close the transaction promptly following approval of the chapter 11 plan by the Bankruptcy Court. This sale agreement follows Voyager’s July 5, 2022 entrance into a voluntary restructuring process aimed at returning maximum value to customers.
Binance US Makes A Commitment With Voyager
The acquisition is valued at around $1 billion and will “
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