US DoJ Appeals Voyager Acquisition Deal
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An editor at Coincrop
10 Mar 2023 | 2 min read
n spite of New York's bankruptcy court approving the huge billion-dollar acquisition of Voyager assets by Binance.US, the US Department of Justice (DoJ) is determinedly attempting to put a stop to it.
Just one day after New York bankruptcy judge Michael Wiles gave his consent, the U.S. Department of Justice's Trustee Office strongly challenged Binance.US' acquisition of bankrupt crypto lender Voyager Digital's assets in an appeal filing.
Judge Wiles spoke during the hearing, emphasizing that "Things must be done." He pointed out that creditors have been patiently waiting for an answer regarding their investments - some of which include life savings. To ensure justice is served and these investors are provided with access to what they invested in, it's essential that action be taken swiftly.
The US Department of Justice has followed in the footsteps of other regulatory bodies, such as the Securities and Exchange Commission, by filing an appeal against this transaction. Last month, SEC filed a complaint with regards to potential violation of federal securities laws based on unregistered operation of a securities exchange.
MikeAn editor at Coincrop
Mike is a Coincrop staff writer based in the UK, covering the best rates for cryptocurrency earning and borrowing products. When not at work, he's likely putting his latest car project back together.
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