Binance’s Deal to Acquire Bankrupt Voyager Digital Faces US SEC Objection: All Details

Binance’s Deal to Acquire Bankrupt Voyager Digital Faces US SEC Objection: All Details

ByNews Polite

The US Securities and Exchange Commission (SEC) has filed a limited objection to Binance.US’s proposed $1 billion (roughly Rs. 8,250 crore) acquisition of bankrupt cryptocurrency lender Voyager Digital, a bankruptcy court filing showed on Wednesday. The regulator pointed out the failure to include necessary information in Binance.US’s disclosure statement. It…

Binance’s Acquisition of Voyager Digital Could Be Delayed by US Review

Binance’s Acquisition of Voyager Digital Could Be Delayed by US Review

ByNews Polite

Binance’s $1 billion (roughly Rs. 8,275 crore) acquisition of bankrupt crypto lender Voyager Digital could be delayed or blocked by a US national security review, according to a Friday bankruptcy court filing. The crypto exchange’s US-based affiliate Binance.US intends to buy Voyager’s crypto lending platform with a bid that includes…

Binance, FTX Enter Tug-of-War in Auction to Bag Assets of Insolvent Crypto Lender Voyager

Binance, FTX Enter Tug-of-War in Auction to Bag Assets of Insolvent Crypto Lender Voyager

ByNews Polite

Voyager, the crypto lending platform that declared bankruptcy earlier this year, is analysing buy-out offers for its assets from other players in the crypto sector. At present, crypto exchanges Binance and FTX are standing neck-and-neck to outbid each other and bag the worthy remains from Voyager’s business. The price point…

FTX Crypto Exchange Plans Partial Bailout of Bankrupt Voyager’s Customers

FTX Crypto Exchange Plans Partial Bailout of Bankrupt Voyager’s Customers

ByNews Polite

FTX said on Friday it was planning to offer Voyager Digital’s customers access to some of their funds, the latest relief measure by the Sam Bankman-Fried-led cryptocurrency exchange for the ailing crypto industry. Under the plan, Alameda Ventures, the trading firm also founded by Bankman-Fried, would purchase all of Voyager’s…

Voyager Digital Faces FDIC Probe Into Marketing for Deposit Accounts

Voyager Digital Faces FDIC Probe Into Marketing for Deposit Accounts

ByNews Polite

The Federal Deposit Insurance Corporation is looking into Voyager Digital marketing of deposit accounts for cryptocurrency purchases, an FDIC official said, confirming a report in the Wall Street Journal. Customers who assumed their deposits were insured by the FDIC learned otherwise after Voyager filed for bankruptcy and a banking regulator…

FTX Has ‘A Few Billion’ to Support Industry, Claims Head Sam Bankman-Fried

FTX Has ‘A Few Billion’ to Support Industry, Claims Head Sam Bankman-Fried

ByNews Polite

Sam Bankman-Fried, head of one of the largest cryptocurrency exchanges, FTX, said he and his company still have a “few billion” on hand to shore up struggling firms that could further destabilise the digital asset industry, but that the worst of the liquidity crunch has likely passed. Bankman-Fried, 30, who…