U.S. Bankruptcy Court Approves Insolvency Plan for Voyager Amidst Failed Asset Acquisition
Binance.US Withdrawal and FTX Lawsuit Disrupt Voyager’s Asset Disbursement
The U.S. Bankruptcy Court for the Southern District of New York greenlit the insolvency plan of cryptocurrency facilitator, Voyager. The court’s official endorsement, championed by Judge Michael Wiles, became available to the public on the preceding day.
This decision was reached following the unexpected withdrawal of Binance.US from a transaction to procure Voyager assets valued at $1 billion. This abrupt change of course by Binance.US occurred on April 25, having initially overcome government hurdles. Voyager is now slated to disperse its remaining assets to all credi…
Read the full article at: http://tokenpost.com/Court-Approval-Secures-Path-for-Voyagers-Asset-Recovery-Amid-Crypto-Turbulence-10061