Voyager Says Binance.US Sent Letter Terminating $1B Asset Buy Deal

Bankrupt crypto lender Voyager said it received a letter from Binance.US, terminating the asset purchase deal.

«Today we received a letter from Binance.US terminating the asset purchase agreement,» Voyager said in a Tweet on Tuesday. «While this development is disappointing, our chapter 11 plan allows for direct distribution of cash and crypto to customers via the Voyager platform,» the Tweet added.

A substantive part of the $1 billion deal was allowed to proceed by the U.S. government on April 20 filing, despite concerns the fine print of the contract would pardon breaches of tax or securities law.

Read more: U.S. Government Allows the Bulk of Voyager-Binance.US Deal to Proceed

Source