The Binance.US’s proposed acquisition of bankrupt crypto lender Voyager Digital has seen multiple ups and downs with regulators blocking the deal from going through over the past few months.
However, in a recent development, Voyager has finally confirmed that the Unsecured Creditors Committee (UCC) has finally reached an agreement with the U.S. government that will allow the plan of moving forward with the acquisition.
After the collapse of the Terra ecosystem last year in April 2023, crypto lender Voyager Digital came into major trouble as it faced heavy liquidity demand amid huge withdrawals. Soon after, Voyager filed for Chapter 11 bankruptcy.
Unlike other top crypto exchanges in the market, crypto exchange Binance has also been facing the wrath of US regulators in recent times. Last month, the U.S. Commodities and Futures Trading Commission (CFTC) sued Binance.US for violating the derivatives laws of the country.
Furthermore, the CFTC also accused Binance and its employees of instructing US customers to use virtual private networks (VPNs) to obscure their locations. This way they also helped customers to use their platforms without providing their proof of identity.