Voyager Cleared to Sell Crypto Customer Accounts to Binance
- Binance to pay $20 million to take over $1 billion in accounts
- Voyager customers can cash out, or move to Binance platform
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Voyager Digital Ltd. won court approval to sell its crypto platform to Binance.US for $20 million as part of Voyager’s plan to liquidate in bankruptcy.
Under terms of the deal, about $1 billion worth of assets that Voyager holds on behalf of customers would be taken over by Binance, which will then give account holders the option to cash out. The deal cannot close until US Bankruptcy Judge Michael E. Wiles approves the related bankruptcy liquidation plan.