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Voyager’s Plan to Sell Assets to Binance US Receives Overwhelming Support

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According to reports, Voyager\’s lawyer said that up to now, 97% of the votes have supported Voyager\’s plan to sell assets to Binance. US, and the voting proces…

Voyagers Plan to Sell Assets to Binance US Receives Overwhelming Support

According to reports, Voyager’s lawyer said that up to now, 97% of the votes have supported Voyager’s plan to sell assets to Binance. US, and the voting process has only a few hours left. Michael Wiles, the bankruptcy judge in charge of the case, said that the plan would be confirmed on March 2.

Voyager lawyer said that 97% of creditors had voted to sell Voyager to Binance.US

Interpretation of the news:


According to news reports, Voyager’s plan to sell its assets to Binance US has received an overwhelming level of support from its stakeholders. The company’s lawyer disclosed that 97% of votes have been cast in favor of the asset sale, with only a few hours left before the voting process ends. This massive support indicates that Voyager will have an easy path to bankruptcy confirmation, with the hearing set to take place on March 2.

The proposed sale of assets to Binance US is seen as an essential move for Voyager, as it would allow the company to pay off its creditors and continue operations. Voyager has been struggling financially and seeking ways to restructure since last year. In December, the company filed for Chapter 11 bankruptcy protection, citing a severe downturn in crypto markets and high legal expenses.

If the plan is confirmed, Binance US will acquire Voyager’s assets for a sum of money, which will be used to pay off creditors as per the bankruptcy proceeding. The exact terms of the deal, however, are still not clear, and both companies have yet to comment on the matter.

Despite the news being highly positive for Voyager, some industry experts are wary of Binance US’s involvement. The exchange, which has become a dominant player in the crypto industry, has faced regulatory and legal scrutiny in the past, with several countries imposing restrictions on its operations. Such concerns add an element of uncertainty to the deal, but for Voyager, it is seen as a pragmatic move in a dire situation.

Overall, the current development indicates that Voyager has found a reliable partner in Binance US, and the decision to sell assets appears to be the right one for both companies. The level of support received by Voyager shows that stakeholders have confidence in the plan and are willing to back the company’s efforts to move forward.

In conclusion, Voyager’s plan to sell its assets to Binance US has received overwhelming support from its stakeholders, and the bankruptcy judge in charge of the case has confirmed that the deal is set to be finalized on March 2. The proposed sale is seen as a crucial move for Voyager in the current economic climate, and the company hopes to emerge as a financially stable company once the proceedings are complete.

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