The US assets of Voyageur Digital were originally sold to FTX in bankruptcy but that deal fell apart along with FTX. In a second sale, Binance picked up the assets for $1.022 billion, which the company said was the best bid.
The assets, where are almost entirely crypto, were initially sold to FTX for $1.4 billion.
“Binance.US will make a $10 million good faith deposit and will reimburse Voyager for certain expenses up to a maximum of $15 million. Should the deal not close by April 18, 2023 subject to a one-month extension, the agreement allows Voyager to immediately move to return value to customers,” the Read More