DEFI MAGNETS
  • Home
  • Cryptocurrency
  • Bitcoin
  • Blockchain
  • Binance
  • Dogecoin
  • XRP
  • DeFi
  • Market
Monday, March 27, 2023
No Result
View All Result
DEFI MAGNETS
No Result
View All Result
Home Cryptocurrency

US DOJ Appeals Judge’s Approval of Voyager $1B Asset-Sale to Binance.US

Frank Miller by Frank Miller
March 10, 2023
in Cryptocurrency
0
US DOJ Appeals Judge’s Approval of Voyager $1B Asset-Sale to Binance.US
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter



The USA Division of Justice (DOJ) has filed an enchantment to evaluate a New York choose’s choice to approve the sale of bankrupt crypto lender Voyager’s property to the American affiliate of crypto change Binance in a $1 billion deal. 

In keeping with a court document, the enchantment was filed Thursday night at america Chapter Courtroom for the Southern District of New York by means of the workplace of the U.S. Trustee.

DOJ Appeals Decide Wiles’ Approval of Voyager’s Plan 

Recall that Decide Michael Wiles just lately authorised the Voyager-Binance U.S. deal regardless of opposition from U.S. regulators.

CryptoPotato reported earlier this week that the choose dominated in favor of Voyager’s proposed plan to promote its property to Binance.US to maximise worth for its stakeholders and collectors.

The deal has been opposed severally by the U.S. Securities and Change Fee (SEC) because the regulator believes the transaction may contain the sale of unregistered securities. 

In the course of the SEC’s second objection submitting, the company requested that the deal be turned down because it was investigating whether or not Voyager violated anti-fraud federal securities legal guidelines. The Fee additionally disclosed that Binance was being investigated for cash laundering rule violations.

It’s value noting that Voyager’s property can’t be offered with out ultimate approval from the SEC and the Committee on International Funding in america (CFIU). Each entities presently oppose the plan.

Whereas approving the deal, Decide Wiles criticized the SEC and DOJ, stating that they appeared uncertain of the authorized repercussions of the execution of the plan, as they failed to offer definitive solutions when requested in regards to the causes behind their opposition at a previous hearing.

A Potential Liquidation

Peter M. Aronoff, an lawyer for the DOJ, acknowledged on the day of the approval that his group was contemplating an enchantment towards the choose’s order.

If the enchantment is granted and Decide Wiles’ choice revoked, the one possibility left for Voyager could be to liquidate itself. Sadly, the liquidation would herald fewer returns than the asset-sale plan. 

SPECIAL OFFER (Sponsored)

Binance Free $100 (Unique): Use this link to register and obtain $100 free and 10% off charges on Binance Futures first month (terms).

PrimeXBT Particular Provide: Use this link to register & enter POTATO50 code to obtain as much as $7,000 in your deposits.



Source link

Tags: AppealsApprovalAssetSaleBinance.USDOJJudgesVoyager
Previous Post

PLANET (PLA) Falls 0.01%, Outperforms the Crypto Market Friday

Next Post

Judge Issues Ruling On Daubert Motions

Next Post
Judge Issues Ruling On Daubert Motions

Judge Issues Ruling On Daubert Motions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Why we2net’s DeFi Project is Worth to get Attention

Why we2net’s DeFi Project is Worth to get Attention

March 14, 2023
Binance Charging Fees for Bitcoin Trading Again – The Wall Street Journal

Binance Charging Fees for Bitcoin Trading Again – The Wall Street Journal

March 22, 2023
Humbled ‘crypto bros’ don blazers for Boca Raton

Humbled ‘crypto bros’ don blazers for Boca Raton

March 20, 2023
FTX Reportedly Moves 87 Billion Terra Luna Classic ($LUNC) To Binance

FTX Reportedly Moves 87 Billion Terra Luna Classic ($LUNC) To Binance

March 17, 2023
Text-to-Video AI Tool Runway Gen-2 Sees Liftoff

Text-to-Video AI Tool Runway Gen-2 Sees Liftoff

March 23, 2023
NatWest to limit customers’ crypto payments

NatWest to limit customers’ crypto payments

March 15, 2023
Crypto Market Capitulation And Its Significance

Crypto Market Capitulation And Its Significance

March 16, 2023

Bitcoin (BTC) Could Touch New All-Time High of $100,000 This Year

March 27, 2023

Binance Launches Prepaid Crypto Card, Partners with Movii

March 16, 2023

Working for #Binance is Greatly Rewarding, but It’s Not for Everyone. Before Thinking … – Latest Tweet by Binance Coin

March 26, 2023

Bitcoin Jump Above $25k Sends 2.7M More Coins Into Profits

March 15, 2023

Big changes ahead for the cloud business model, top CTO predicts

March 21, 2023

Four ways digital transformation can help meet sustainability goals IBM Supply Chain and Blockchain Blog

March 20, 2023

Shivers (SHVR) has a Neutral Sentiment Score, is Falling, and Underperforming the Crypto Market Friday: What’s Next?

March 10, 2023

Taco Bell’s Metaverse Wedding Actually Happened

March 22, 2023

Take Part in #Binance P2P’s Recurring Purchase Challenge for an Opportunity to Win a Share … – Latest Tweet by Binance Coin

March 17, 2023

Recent News

Grindr Alerts Egyptian Users of Police-Operated Profiles

Grindr Alerts Egyptian Users of Police-Operated Profiles

March 27, 2023
How To Trick AI Into Making Errors – the ‘Neurosemantical Invertitis’ Hack

How To Trick AI Into Making Errors – the ‘Neurosemantical Invertitis’ Hack

March 27, 2023

Categories

  • Artificial Intelligence
  • Binance
  • Bitcoin
  • Blockchain
  • Business
  • Cryptocurrencies
  • Cryptocurrency
  • Culture
  • DeFi
  • Dogecoin
  • Education
  • Featured
  • Market
  • News
  • XRP

Follow Us

Find Via Tags

bank Big Binance Bitcoin Blockchain Blog BTC CEO Chain Coin Crypto DeFi DOGE Dogecoin Ethereum Eyes Finance Heres IBM Inu investors Launches Market Million network Presale Price Ripple Score SEC Sentiment Shiba Silicon Stablecoin Supply SVB Token traders Trading Tweet USD USDC Valley Whats XRP

© 2023 Defi Magnets | All Rights Reserved

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Blockchain
  • Binance
  • Dogecoin
  • XRP
  • DeFi
  • Market

© 2023 Defi Magnets | All Rights Reserved