Voyager announced the deal was stopped on Twitter, saying it received a letter from Binance. The crypto bank said it plans to use a "toggle option" in their bankruptcy plan to directly reimburse investors whose assets have been frozen since July. Voyager stated: Today, we received a letter from Binance.US terminating the asset purchase agreement.…
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Binance’s initial bid for acquisition was rejected and rumors surfaced that the reason for the rejection was alleged concerns of national security threats to the US government. In his interview with Bloomberg, CZ denied the rumors and said that FTX might have spread them. He stated: There was never any concerns about us participating in…
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The official announcement stated: FTX US's bid maximizes value and minimizes the remaining duration of the Company's restructuring by providing a clear path forward for the Debtors to consummate a chapter 11 plan and return value to their customers and other creditors. At the end of last March, Voyager has 3.5 million users and 1.19…
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