vgx

ChainCatcher news, according to Cointelegraph, three prominent American sports celebrities have agreed to jointly pay $2.42 million to settle allegations that they helped promote Voyager Digital.According to a class action settlement agreement filed on May 3, retired NFL star Rob "Gronk" Gronkowski will pay the largest share of $1.9 million, NBA player Victor Oladipo will pay $500,000, and NASCAR driver Landon Cassill will pay $25,000. All three sports stars have agreed to the settlement without admitting or denying any allegations.Additionally, the proposed settlement includes all U.S. individuals who purchased Voyager Earn Program accounts or VGX tokens from October 2019 to the preliminary approval date. In addition to approving the $2.4 million settlement, the plaintiffs also plan to request approximately $792,000 in attorney fees.

ChainCatcher news, according to CoinDesk, the Voyager wallet sent 52 million native tokens VGX to a burn address, worth 7.3 million dollars, accounting for about 30% of the total supply. Subsequently, VGX surged 20% in the short term.Etherscan data shows that the wallet marked as "Voyager 1" conducted its first outgoing transaction in 225 days. After sending 123.45 tokens for testing, the address then sent tokens worth 7.3 million dollars to the burn address, and the purpose of the burn remains unclear.

ChainCatcher message, Coinbase Assets announced on social media that due to recent reviews, BarnBridge (BOND), DerivaDAO (DDX), Jupiter (JUP), Multichain (MULTI), Ooki (Ooki), and Voyager (VGX) will be delisted around 0:00 Beijing time on September 7, 2023.At that time, trading of the above 6 tokens will be halted on Coinbase.com, Coinbase Pro, Coinbase Exchange, and Coinbase Prime.

ChainCatcher news, market data shows that VGX briefly rose above $0.1241, currently quoted at $0.1156, with a 24-hour increase of 11.37%.Previous report, the crypto lending platform Voyager submitted documents to the court outlining the plan for reopening the Voyager platform to customers from June 20 to July 5, allowing creditors to withdraw about 35% of their cryptocurrency. Voyager customers are expected to start receiving notifications about the reopening of the application before June 20. (Source link)

ChainCatcher news, according to the official announcement, Binance will move AMB, ARK, BTS, DREP, FTT, GFT, JASMY, LOOM, MLN, OAX, OMG, PERL, PNT, SNM, SRM, VGX, WRX, and YFII to the Innovation Zone.The announcement states that the introduction of the Innovation Zone provides Binance users with a market for innovative projects that have higher trading volatility and risks compared to other listed tokens. When these projects are identified during regular reviews, Binance will move them to the Innovation Zone. The development of projects in the Innovation Zone will be subject to close scrutiny. (Source link)

According to ChainCatcher news, monitored by 0xScope, Voyager has sold 124.5 million VGX since February, with an average price of $0.41, totaling $51 million.In previous news, Binance US announced the termination of its acquisition of Voyager, causing the price of VGX tokens to drop by 24%. (source link)

ChainCatcher news, lawyers from the U.S. Securities and Exchange Commission (SEC) are contesting Voyager Digital's proposed bankruptcy plan, while Voyager Digital denies the SEC's claim that its VGX token is a security, as it seeks court approval for Binance.US's $1.02 billion bid to acquire the bankrupt cryptocurrency lender. Meanwhile, the presiding judge in the case has barred the SEC from imposing fines on its cryptocurrency consulting business due to the bankruptcy proceedings.Additionally, a document submitted to the court on behalf of Voyager on Sunday stated that the trading delays are causing the company to lose $10 million per month, expressing surprise at the delays and evolution of the SEC's position on the matter, and urging a swift resolution to the bankruptcy case. (CoinDesk)

ChainCatcher news, according to CoinDesk, U.S. Bankruptcy Court Judge Michael Wiles expressed serious skepticism on Thursday during the Voyager Digital bankruptcy hearing regarding the U.S. Securities and Exchange Commission's (SEC) attempt to block Binance US from acquiring Voyager Digital's assets.Michael Wiles stated, "This is a strange objection, and I feel that this objection is a disguise. The SEC can specifically explain what the issues are, but they have done nothing. I need to know the specifics."The SEC has stated that the transaction should be blocked because Voyager's tokens may constitute unregistered securities. William Uptegrove, representing the SEC, indicated that creditors did not receive sufficient regulatory risk warnings but declined to take a clear stance on whether VGX is a security. (source link)

ChainCatcher news, according to CoinDesk, New York and federal financial regulators oppose Binance.US's acquisition of Voyager for $1.02 billion, stating that the transaction may be discriminatory and illegal. The SEC indicated that, given the plan's proposal on how to repay Voyager's former customers, the proposed Binance.US and Voyager transaction may also violate the law.A document from the U.S. Securities and Exchange Commission states that the necessary cryptocurrency transactions to reallocate such assets to account holders may violate the prohibition on unregistered offers, sales, or post-sale deliveries under Section 5 of the Securities Act of 1933. The content also specifically cites the VGX token issued by Voyager. (CoinDesk)