Final Hearing for Binance.US Acquisition of Voyager Assets to Be Held on March 2

2023-01-16 12:15:23AICoinShare to:

AICoin News In response to the process of Binance.US acquiring Voyager assets, the Voyager Unsecured Creditors Committee stated on Twitter that after the bidding is completed, stakeholders in the transaction have 28 days to file objections, and the deadline for objections is February 22. A hearing to finalize the deal is scheduled for March 2, providing a week to respond to any objections before the hearing. Additionally, the committee stated that while Binance.US assured the UCC that transferred cryptocurrencies would be protected, the UCC sought greater protection from Binance.US in light of the unexpected collapse of FTX and the risks of theft and fraud in the cryptocurrency industry. That is, according to the revised purchase agreement, after the transaction closes, the cryptocurrency will be transferred from Voyager to Binance.US on a weekly basis, and the transferred cryptocurrency is the cryptocurrency that will be immediately distributed to the creditor's account. Prior to the news on January 11, the US court initially approved Binance.US to acquire Voyager assets for US$1 billion.

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