Bankrupt cryptocurrency lender Voyager’s proposed sale of some of its assets to Binance US is one step closer to reality.
At a hearing Tuesday afternoon, U.S. District Judge Michael Wells for the Southern District of New York approved a disclosure statement explaining aspects of the proposed plan to sell Voyager’s assets, but asked attorneys involved in the deal to approve the proposed solicitation documents before doing so. Amendments. The agreement is subject to further confirmation hearings in March and requires approval by a majority of Voyager’s creditors.
After Sam Bankman exchange Fried’s collapsed in November, Voyager agreed to sell itself to FTX, but restarted the bidding process. Binance.US was awarded the contract in December, but got headwinds from state regulators and the US Securities and Exchange Commission (SEC).