Committee on Foreign Investment in the United States (CFIUS), a public entity that reviews and regulates foreign investment in the U.S., posted a list of questions about the deal in December, with the court filing reserving the right to block the deal if it presents enough potential danger to U.S. It’s not just financial concerns potentially delaying the sale. Bankruptcy Judge Michael Wiles allows the company to distribute around 1.33 billion in crypto assets to. The SEC also quizzed Binance’s ability to “consummate a transaction of this magnitude,” and launched concerns “regarding how the Debtors intend to secure customer assets.” The approval of Voyagers liquidation plan by U.S. April 25 (Reuters) - Binance.US has called off its 1.3 billion deal to buy assets of bankrupt crypto lender Voyager Digital, citing a 'hostile and uncertain regulatory climate. The filing from Voyager in response accused Alameda of “hypocrisy and chutzpah at its finest,” The news comes after Voyager (OTCPK:VYGVQ), which filed for bankruptcy protection in July, received court approval on August 4 to return cash to its customers held in a deposit account at. In a filing posted last week, Alameda launched several criticisms, saying the $1 billion acquisition deal “ignores fundamental requirements and protections of the Bankruptcy Code.” The news comes as the planned acquisition drew criticism from both the SEC and Alameda Research. In December last year, Binance.US emerged as the ultimate winner of the bid. Following the exchange’s collapse, Voyager’s attorneys said at a hearing that there would “be no transaction with FTX, I think that is quite obvious.” Later, FTX won the bid to purchase the firm’s remaining assets before FTX then slid into a high-profile bankruptcy of its own.
Voyager filed for bankruptcy in July due to the “crypto winter” and exposure to the now-collapsed Terra.
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