Binance US will acquire Voyager Digital assets for $1.022 billion
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)