Binance Digs Into Voyager Insolvency!

Binance offers about one billion dollars for the assets of the insolvent crypto lender Voyager Ditigal. However, the deal still needs court approval. Voyager will seek to return crypto to its customers in tokens. The Binance deal values Voyager’s crypto portfolio at just over $1 billion. The deal still needs court approval, with a discussion of the issue set for 5 January 2023.

For $1.022 billion (€960 million), trading platform Binance plans to buy the assets of insolvent crypto bank Voyager Digital. During reviewing its options, Voyager selected Binance as the highest and best bidder, the company said Monday. The offer lays out a “clear path forward for Voyager customer funds to be released as soon as possible,” it said.

Voyager had to file for creditor protection in July. Crypto exchange FTX had wanted to buy assets of the project but was forced to file for bankruptcy in November.


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