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Voyager Users Vote for Binance US Takeover: Regulators Claim Deal Leaves Execs Off the Hook

Published 03/02/2023, 04:40 AM
Updated 03/02/2023, 05:00 AM
Voyager Users Vote for Binance US Takeover: Regulators Claim Deal Leaves Execs Off the Hook

  • Over 97% of Voyager customers approved of the Binance US takeover bid.

  • US regulators claim the deal leaves Voyager execs off the hook and may be illegal.

  • Users are better off just selling Voyager’s assets, regulators suggest.

  • Despite the deal, Voyager is still dumping millions of its assets.
After a vote by Voyager users, Binance’s bid to bail out the bankrupt crypto brokerage is one step closer to realization. However, the deal will likely face stiff regulatory opposition.

Multiple US regulators object to the deal, citing unfavorable terms for creditors. They also suggest that the deal leaves Voyager execs off the hook for the millions in customer losses.

Users of Voyager Digital voted overwhelmingly in favor of the company's plan to sell its assets to Binance US. Over 97%...

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