Any failure by 3AC to do the repayment prescribed would constitute an event of default. There has been a revolving line of credit set up for Voyager by Alameda Research. Three Arrows Capital (3AC), a troubled crypto investment business, faces a “notice of default” from Voyager Digital if it fails
In the aftermath of a failed acquisition by Binance.US, Voyager Digital, a crypto lending firm, has announced that its customers will be able to reclaim approximately 35% of their cryptocurrency deposits. As the company prepares to conclude its operations, this measure aims to provide some compensation to affected users. Judge
The planned purchase of defunct US crypto lender Voyager Digital especially by Binance.US has been blocked by authorities on many occasions during the last few months. Recently, however, Voyager reported that the Unsecured Creditors Committee (UCC) had struck an agreement with the U.S. government allowing the purchase plan to go
The District Court of New York denied the government’s request to halt the $1 billion deal bid by Binance to buy up the voyager’s assets. The court stated the delay would harm customers. The decision to deny the government’s motion was announced on March 15. In it, Judge Micheal Wiles
After much debate over the last week, Binance.US has been given permission to purchase the assets of defunct crypto lender Voyager Digital. Bankruptcy Judge Michael Wiles of the Southern District of New York dismissed all the objections and approved the transaction on Tuesday, March 7. Voyager will sell Binance the
The New York and Federal financial regulators have rejected the largest crypto exchange Binance’s $1.2 billion assets acquisition of bankruptcy cryptocurrency lender Voyager Digital. According to a 22nd February document, regulators believed it might be discriminatory and illegal. Binance U.S resubmitted its bid on Voyager after FTX filed for Chapter
This past Friday, insolvent cryptocurrency lender Celsius Network reported that Galaxy Digital (GLXY), founded by Mike Novogratz, had won an auction to buy the GK8 self-custody platform. The details of the arrangement, however, were kept under wraps. Galaxy’s co-president, Chris Ferraro, reportedly said that the business acquired the assets for
Similar to Binance, INX has submitted a non-binding letter of intent to purchase troubled assets from defunct asset management Voyager Digital. INX CEO Shy Datika stated in a press release: “We believe that INX can offer the right combination of credibility, technology, and unique regulatory positioning to protect Voyager customers
The Voyager has halted its operation from July 1, 2.00 PM ET. The 3AC has a default of around $646 million to Voyager, in terms of BTC and USDC. Another crypto firm got halted this week, Voyager Digital LLC platform officially declared its halting on July 1 by publishing an
Voyager Token (VGX) has surged above 30% within 24 hours. It is a commission-free cryptocurrency trading platform. The platform has planned to launch $VGX 2.0 on August 20. Every day is an on and off for various cryptocurrencies. Some digital assets surge up, while others fall, which appears to be
