Voyager Fights For Binance.US Deal Amid Objections From Regulators, Alameda Research

Sailor defending its intention to sell $1 Billion Worth of Assets to Binance.US,

The crypto lender objected to the deal based on “hypocrisy and chutzpah based on unverified speculation,” according to legal filings.

Alameda ResearchTrading Division of Bankrupt Cryptocurrency Exchange ftxwith we Securities and Exchange Commission (SEC), the Department of Justice (DoJ), and several state-level agencies have voiced opposition to the proposed sale.

See also: FTX US President Intends to Provide More Details on Crypto Exchange Collapse

New York’s bankruptcy court will hear the matter on Tuesday.

Sailor Is said that the SEC’s doubts about the financial stability of Binance.US are unwarranted. Almeida, who had previously attempted to save Voyager before bankruptcy, was accused of making a “frivolous” argument that “demonstrates hypocrisy and chutzpah at its finest.”

before voyager went bankruptBoth FTX and Alameda Research had made takeover offers.

Voyager claimed that it entered into a loan agreement with the two businesses solely on the basis of “fraud and false representations” and accused FTX of trying to acquire Voyager in order to “clear its own balances as a result of apparent fraud”. The holes on the sheet can be hidden.” ,

Voyager said in court documents that the Binance settlement is the best option for creditors in today’s uncertain cryptocurrency market.

The company said there are still ways to terminate the agreement if a better alternative is found in the future.

next: Digital currency group under probe for internal transfers, SEC probes

Disclosure: benzinga CEO jason raznik Voyager Digital is a member of the unsecured creditor committee in the bankruptcy case.

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