Binance.US Terminates Asset Purchase Agreement with Voyager: Creditor Committee Disappointed

04/26/2023 01:31 • Metaverse & Beyond • 112 views

According to reports, the Voyager Unsecured Creditors Committee stated on Twitter that Binance. US has announced the termination of its asset purchase agreement with Voyager. The Voyager Unsecured Creditors Committee is very disappointed with this decision and will initiate potential claims against Binance. US. At the same time, the Voyager unsecured creditor committee and Voyager will consider other options and provide further dynamic updates in the future.

Voyager Creditor Committee: Will initiate potential claims against Binance. US

On social media, the Voyager Unsecured Creditors Committee announced that Binance.US has ended its asset purchase agreement with Voyager. The Voyager Unsecured Creditors Committee has expressed strong disappointment with this decision and is even considering potential claims against Binance.US. However, Voyager and the Voyager Unsecured Creditors Committee are also looking into additional options and will provide more updates in the future.

What Happened?

It was reported that Binance.US, one of the largest cryptocurrency exchanges in the United States, has terminated its asset purchase agreement with Voyager, a digital asset broker that specializes in trading and custody services. The announcement came from the Voyager Unsecured Creditors Committee on Twitter, leaving many surprised as to why Binance.US would make such a move.
In response, the Voyager Unsecured Creditors Committee has stated that it is disappointed with the decision made by Binance.US, and it may initiate potential claims against the exchange. While not much information has been provided as to why Binance.US ended its asset purchase agreement with Voyager, the Voyager Unsecured Creditors Committee and Voyager themselves will continue to explore other options moving forward.

Possible Reasons for Termination?

It is unknown why Binance.US ended the asset purchase agreement with Voyager. However, some have speculated that the decision may have been due to certain risks involved in acquiring Voyager’s assets. It is also possible that the termination may have been related to regulatory concerns, as the cryptocurrency space has been increasingly targeted by governments and regulatory bodies all over the world lately.

Implications for Voyager

The termination of the asset purchase agreement may have significant implications for Voyager, which is a publicly traded company. The company’s share price may be affected by this latest development, and it may also face additional financial troubles if it cannot find alternative buyers for its assets.

Conclusion

The termination of Binance.US’s asset purchase agreement with Voyager came as a surprise to many in the cryptocurrency space. The Voyager Unsecured Creditors Committee has expressed strong disappointment with the decision, and it may initiate potential claims against Binance.US. The exact reasons for the termination remain unclear, but regulatory or risk concerns are both possibilities. Moving forward, Voyager must look for alternatives and adapt to this turn of events.

FAQs

1. What is Binance.US?
Binance.US is a cryptocurrency exchange that operates in the United States.
2. What is Voyager?
Voyager is a digital asset broker that specializes in trading and custody services.
3. How will the termination of the asset purchase agreement affect Voyager?
The termination may have significant implications for Voyager, as the company’s share price may be affected and it may face additional financial challenges if it cannot find alternative buyers for its assets.
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