Binance US to Acquire Bankrupt Voyager’s Assets for $1.022B

Binance’s American entity, Binance.US, has emerged “as the best and greatest bid” for bankrupt Voyager’s property.

The entire sum is roughly $1.022 billion, which incorporates the latter agency’s crypto portfolio (valued at an estimated $1.002 billion) and “extra consideration equal to $20 million in incremental worth,” learn the announcement.

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As we speak’s announcement has recognized Binance.US because the profitable bidder, however the deal will not be formally executed till the Chapter Court docket approves Voyager’s request to take action on January 5. Voyager filed for chapter in July, citing its publicity to Three Arrows Capital (3AC).

Previous to its implosion final month, crypto trade FTX had additionally reportedly been within the bidding race for Voyager’s property.

This story is breaking and will likely be up to date shortly.