TechFlow news, according to Reuters, on Tuesday, bankrupt crypto lender Voyager Digital received preliminary court approval to sell its assets for $1 billion to Binance.US and said it would seek to expedite the U.S. national security review of the deal.
U.S. Bankruptcy Judge Michael Wiles allowed Voyager to proceed with its $1 billion asset purchase agreement with Binance.US and to solicit creditor votes on the sale, though it will not become final until a future court hearing. Voyager's attorney Joshua Sussberg addressed concerns raised by the Committee on Foreign Investment in the United States (CFIUS) during the holiday period, stating: "Voyager intends to address any issues that could lead CFIUS to oppose the transaction. We are coordinating with Binance and its counsel not only to manage this investigation but also to proactively file applications to advance the process."
In addition to CFIUS, Voyager's proposed sale has faced opposition from the U.S. Securities and Exchange Commission and state securities regulators. Despite these objections, the judge permitted Voyager to move forward, noting that securities regulators will retain the right to object to the final approval of the sale at a later date.Original link
