Voyager Digital, a bankrupt crypto lender, has been granted approval by US Bankruptcy Judge Michael Wiles to sell its assets worth $1.3 billion to Binance.US and transfer its customers to the exchange, according to Reuters. The US Securities and Exchange Commission (SEC) objected to the restructuring plan, but the regulatory body’s concerns were dismissed by Judge Wiles. Once the deal is closed, customers will be allowed to make withdrawals, with estimates that users will recover 73% of their deposit’s value at the time of Voyager’s bankruptcy filing. However, the Committee on Foreign Investment in the United States is investigating foreign investment in Voyager, which could result in an obstacle to the acquisition. In the past, FTX tried to secure approval from a bankruptcy court to take over Voyager’s assets, but the deal collapsed, paving the way for Binance to make a move.
