Voyager creditors: oppose any appeal against the court’s approval of Binance.US acquisition

On March 10, the official committee of unsecured creditors of Voyager said on Twitter that the United States court had confirmed the approval of the acquisition of Voyager by Binance.US, and allowed the debtor to switch to self-liquidation when the sale was not completed or the debtor decided not to continue the sale after consultation with the official committee of unsecured creditors.

Interpretation of this information:

The announcement made on March 10 by the official committee of unsecured creditors of Voyager about the acquisition by Binance.US comes as no surprise to industry insiders. The confirmation of the acquisition by the US court will allow Voyager to continue its operations while Binance.US takes over the majority of its assets. The announcement also revealed that if the sale is not completed or if the debtor decides not to continue the sale after consultation with the official committee of unsecured creditors, Voyager will be allowed to switch to self-liquidation.

This announcement by the official committee comes after months of speculation about whether the acquisition would go through or not. The deal was first announced back in February 2021 and has been the subject of much discussion within the cryptocurrency community since then. Many people have been watching the developments closely as they look for clues about the future of the cryptocurrency industry.

The confirmation of the acquisition is seen as a positive development for both Voyager and Binance.US. The deal will give Binance.US access to Voyager’s customer base and technology, while Voyager will benefit from Binance.US’s financial resources and expertise. This should result in a stronger and more profitable company that is better able to compete with other players in the cryptocurrency industry.

The news also offers some comfort to Voyager’s creditors who have been anxiously awaiting news about the company’s future. With the official committee’s approval, they can be sure that their investments are safe and that the company will continue to operate under new ownership.

In summary, the confirmation of the acquisition of Voyager by Binance.US is a significant development in the cryptocurrency industry. It suggests that both companies are committed to the long-term growth of the industry and are willing to work together to achieve this goal. The news also offers some reassurance to Voyager’s creditors and customers who can now be more confident about the future of the company.