Binance US will acquire Voyager Digital assets for $1.022 billion

2022-12-19 21:23:16

Collection

ChainCatcher news, Voyager Digital Ltd. announced today that its operating company Voyager Digital LLC has selected BAM Trading Services Inc. (operating as Binance.US) as the highest and best bidder for its assets.

The Binance.US bid sets a clear path forward to unlock Voyager customer funds as soon as possible, valued at approximately $1.022 billion, which includes (i) the fair market value of the Voyager cryptocurrency portfolio as of a future unspecified date, estimated at $1.002 billion based on current market prices, plus (ii) additional consideration equivalent to $20 million in incremental value.

The company's claims against Three Arrows Capital remain in the bankruptcy estate, and any future recoveries on these claims and other unreleased claims will be allocated to the estate's creditors. Binance.US aims to return cryptocurrency to customers in kind, based on court-approved payments and platform capabilities. (source link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.