您现在的位置是:Binance.US acquires Voyager assets >>正文
Binance.US acquires Voyager assets
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛7816人已围观
简介The main purpose is maximizing the value returned to clients Voyager’s claims against Three Ar...
- The main purpose is maximizing the value returned to clients
- Voyager’s claims against Three Arrows Capital are still with the bankruptcy estate
- Binance.US will make a $10 million deposit in good faith reimburse Voyager up to $15 million
Voyager Digital LLC, the operating unit of Voyager Digital Ltd., has chosen US exchange BAM Trading Services Inc.’s bid (operating as Binance.US) as the best and highest for its assets after reviewing strategic options.
The main purpose is maximizing the value returned to clients and creditors as soon as possible, CoinJournal learned from a press release.
Binance.US is incorporated in Delaware and headquartered in Palo Alto, CA. It has a licensing agreement with Binance.com, but is an independent legal entity.
Bid was worth just over a billion
The bid from Binance.US is valued at around $1.022 billion. It consists of the to-be-set fair market value of Voyager’s crypto portfolio, valued at $1.002 billion at current market prices, plus an additional consideration equivalent to an incremental value of $20 million.
Voyager’s claims against Three Arrows Capital are still with the bankruptcy estate. The administrators will distribute any future recovery of claims to the estate’s creditors.
As per platform capabilities and disbursements decided on by the court, the Binance.US bid intends to return crypto to clients in kind. Voyager planned to transfer assets to FTX, but that didn’t materialize.
Binance to reimburse Voyager for up to $15m
Binance.US will make a $10 million deposit in good faith reimburse Voyager up to $15 million for certain expenses. If the deal isn’t closed by April 18 next year (with the possibility of a one-month extension), Voyager may move to return value at once.
A series of high-profile bankruptcies
A bankruptcy court has to allow Voyager Digital LLC to enter into the asset purchase agreement with Binance.US. The respective hearing has been scheduled on January 5, 2023.
The sale to Binance.US will be concluded pursuant to a Chapter 11 plan, which will be subject to a number of habitual closing terms, including a creditor vote. Voyager’s is one of a series of bankruptcies of leading crypto platforms.
Binance.US and Voyager will cooperate to close the deal as soon as possible after the bankruptcy court approves the chapter 11 plan. This purchase agreement follows Voyager’s entry into a voluntary restructuring process targeting the return of maximum value to customers on July 5, 2022.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/593443.html
相关文章
Freewallet rolls out new gift card feature
Binance.US acquires Voyager assetsThe online crypto wallet’s new gift card feature allows users to convert cryptocurrencies to g...
阅读更多
Building a crypto portfolio with $1000: Top 3 coins to buy
Binance.US acquires Voyager assetsBuilding a crypto portfolio with a small amount of capital is not always easy. But this does not mea...
阅读更多
AXS rallies by 15% in 24 hours
Binance.US acquires Voyager assetsAxie Infinity is the best performer amongst the top 50 cryptocurrencies by market cap.The cryptocurr...
阅读更多
热门文章
- Coinbase and MercaDolar Blocked in Venezuela
- Bar owner offers to sell business for crypto
- Homeland Security Hosts Competition For UI In Digital Wallets
- Celsius (CEL) price remains strong even as ex
- This Private Jet Is On Sale And Will Accept Payment With BTC
- Number of active BTC addresses saw a 105% upswing in 2020