2023-10-01 00:00:00

Binance plans to buy out bankrupt Voyager Digital

Crypto exchange FTX wanted to buy up the remains of the insolvent crypto company Voyager Digital, but, of course, after bankruptcy, this is no longer possible. And now there is market leader Binance, or rather its US subsidiary Binance.US, which operates from an office in Palo Alto in Silicon Valley. Binance.US to buy Voyager Digital for $1.022 billion

The Planned Purchase Agreement also includes a promise by Binance to return all Voyager Digital customer funds. As a result of the collapse of Terra/LUNA, Voyager reportedly owed its more than 100,000 users billions of dollars.

In the crisis year of 2022, Binance positioned itself as a stable player in the crypto industry. Funds have been created to support crypto startups and BTC mining companies. Changpeng Zhao's company is in trouble. Zhuo faces legal action from the US Department of Justice.

The transaction is expected to be completed by April 2023.

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