{"id":5592,"date":"2022-12-19T14:57:02","date_gmt":"2022-12-19T14:57:02","guid":{"rendered":"http:\/\/ci02b3337940002583"},"modified":"2022-12-19T14:57:02","modified_gmt":"2022-12-19T14:57:02","slug":"binance-to-acquire-voyagers-assets","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/binance-to-acquire-voyagers-assets","title":{"rendered":"Binance.US To Acquire Bankrupt Voyager Digital\u2019s Assets"},"content":{"rendered":"
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According to a press release<\/a>, Voyager Digital Ltd. announced that Binance.US, an American licensed entity independent of Binance international, will acquire the assets of the failed cryptocurrency firm. The deal will be for $1.022 billion, as the firms seek \u201cthe core objective of maximizing the value returned to customers and other creditors on an expedited timeframe.\u201d<\/p>\n

Voyager Digital\u2019s claim against Three Arrows Capital remains within the bankruptcy estate and any claims awarded will be directed towards that estate\u2019s creditors. <\/p>\n

Back in July of 2022, Voyager Digital commenced restructuring processes<\/a> after they announced they had a loan to Three Arrows Capital for 15,250 BTC and $350 million USDC. Three Arrows Capital faced bankruptcy<\/a> in July as well, as a result of cascading contagion from the LUNA\/Terra collapse<\/a> prior. Bitcoin Magazine PRO also reported<\/a> that Voyager Digital had loaned $376 million to the now bankrupt Alameda Research fund, owned by FTX<\/a> exchange co-founder Sam Bankman-Fried. <\/p>\n

A bid for bankruptcy court approval of the asset buyout is set to take place on January 5, 2023. <\/p>\n

The press release states that \u201cThe Binance.US bid aims to return crypto to customers in kind, in accordance with court-approved disbursements and platform capabilities,\u201d and that the firm will make a $10 million good-faith deposit up front. Should the deal not close by April of 2023, the agreement allows Voyager to begin returning value to customers. <\/p>\n","protected":false},"excerpt":{"rendered":"

The American Binance entity has submitted a winning bid for the bankrupt cryptocurrency firm\u2019s assets.<\/p>\n","protected":false},"author":2730,"featured_media":5593,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1504,1490,93,1775],"class_list":{"0":"post-5592","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-bankruptcy","9":"tag-binance-us","10":"tag-news","11":"tag-voyager-digital"},"author_data":{"id":2730,"name":"BtcCasey","nicename":"casey","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/02\/jn_tjlo_400x400.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/binance-to-expand-crypto-exchange-services-to-singapore.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/5592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2730"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=5592"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/5592\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/5593"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=5592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=5592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=5592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}