BlocksInform
The U.S. Securities and Exchange Commission (SEC) has filed a limited objection to Binance.US'sproposed $1.02 billion purchase of the assets of bankrupt crypto lender Voyager.
In his storehouse, sec questioned whether the information contained in the binance.us disclosure statement was adequate, specific details of the crypto exchange's ability to "consume a transaction of this magnitude," as well as the manner in which binance.We plan to secure client assets and details about how binance.We would rebalance his portfolio of cryptocurrencies.
The sec said she had shared her concerns with the binance.us, and that he has been advised that a revised disclosure statement will be filed before the next applications hearing.
Travel plans to seek bankruptcy court approval during a January hearing. 5.
The $1.02 billion 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.
Voyager, failed earlier this year, had initially agreed to sell its assets for crypto exchange now deceased ftx, with ftx beat his competitors financial wave and BINANCE for assets.
UPDATE (Jan. 4, 21:02 UTC): Added additional background.
