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Topic: Binance US buys Voyager Digital assets for $1.02 billion - page 2. (Read 186 times)

legendary
Activity: 3458
Merit: 6231
Crypto Swap Exchange
"The Binance.US bid aims to return crypto to customers in kind, in accordance with court-approved disbursements and platform capabilities," Voyager said in the statement.

Did a quick look and could not find it, are the court-approved disbursements for the full value of what was owed or is it just a percentage?
Usually when it's the full payback there is text about 'all investors will receive the full value of what is due them' or some similar language. This just seems a bit vague.

Either way something back is better then nothing back.

-Dave
legendary
Activity: 1722
Merit: 5937
Voyager Digital, who first stopped all withdrawals and deposits earlier this year and then declared bankruptcy, accepted the offer from Binance and will sell their assets for 1.022 billion USD. If I remember correctly,  FTX also planned to take them over, but we all know how that ended up so at least I hope people will be able to get their money back.

Voyager Digital, the bankrupt crypto lender, said Binance.US has agreed to buy its assets for $1.022 billion, the firm said on Monday.

The bid represents the fair market value of Voyager's cryptocurrency portfolio, which has a current market value of around $1.002 billion, and an additional consideration of $20 million in incremental value.

"The Binance.US bid aims to return crypto to customers in kind, in accordance with court-approved disbursements and platform capabilities," Voyager said in the statement.

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