Binance.US, the US partner of Binance, has offered the highest bid to buy Voyager Digital's assets out of bankruptcy for $1.022 billion.
The bankrupt crypto lender said in a press release that the bid sets a "clear path forward for Voyager customer funds to be unlocked as soon as possible." The company added:
"The Binance.US bid aims to return crypto to customers in kind, in accordance with court-approved disbursements and platform capabilities."
As part of the deal, Binance.US will pay $10 million as a "good faith deposit" and will reimburse Voyager for certain expenses up to a maximum of $15 million. However, the buyout is yet subject to bankruptcy court approval. The court hearing is scheduled for Jan. 5, 2023.
Voyager filed for bankruptcy in the US Bankruptcy Court of the Southern District of New York in early July. Voyager Digital CEO, Steven Ehrlich, said that the bankruptcy was the "best way to protect assets on the platform and maximize value for all stakeholders."
