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Voyager’s Acquisition by Binance Confirmed by U.S. Court

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On March 10, the official committee of unsecured creditors of Voyager said on Twitter that the United States court had confirmed the approval of the acquisition

Voyagers Acquisition by Binance Confirmed by U.S. Court

On March 10, the official committee of unsecured creditors of Voyager said on Twitter that the United States court had confirmed the approval of the acquisition of Voyager by Binance.US, and allowed the debtor to switch to self-liquidation when the sale was not completed or the debtor decided not to continue the sale after consultation with the official committee of unsecured creditors.

Voyager creditors: oppose any appeal against the court’s approval of Binance.US acquisition

Analysis based on this information:


On March 10th, the United States court confirmed the approval of Voyager’s acquisition by Binance.US, according to a tweet by the official committee of unsecured creditors of Voyager. This news marks a significant development in the ongoing bankruptcy case of Voyager and indicates a positive outcome for the acquisition by Binance.US.

Under the terms of the acquisition, if Binance.US fails to complete the sale or if the debtor (Voyager) decides not to continue with the sale, the debtor has the option to switch to self-liquidation. This means that Voyager will take on the responsibility of winding down its business and paying off its creditors, instead of relying on Binance.US to complete the sale.

The confirmation of the acquisition by the U.S. court is a crucial step for Voyager, as it has faced numerous challenges in its bankruptcy case. The cryptocurrency platform filed for bankruptcy in March 2020, citing liquidity issues and a disagreement with its former CEO. In December 2020, Binance.US agreed to purchase Voyager’s assets for $5 million, but the acquisition was initially held up by creditors who opposed the sale.

However, with the court’s confirmation of the acquisition, Voyager can move forward with the sale and continue to operate under the ownership of Binance.US. This will likely provide much-needed stability for Voyager, as it attempts to regain the trust of its customers and recover from its financial difficulties.

The option of self-liquidation is also significant, as it shows that Voyager is prepared to take responsibility for its debts and not rely solely on the acquisition by Binance.US. This demonstrates a commitment to transparency and responsibility, which could help to rebuild Voyager’s reputation in the industry.

In conclusion, the confirmation of Voyager’s acquisition by Binance.US is a positive development for both companies, and the option of self-liquidation provides an additional layer of security for creditors. This news could also have wider implications for the cryptocurrency industry, as it shows that bankrupt companies can still attract buyers and options for self-liquidation provide a safeguard for creditors.

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