Bankrupt crypto lender Voyager said it received a letter from Binance.US, terminating the asset purchase deal.
“Today we received a letter from Binance.US terminating the asset purchase agreement,” Voyager said in a Tweet on Tuesday. “While this development is disappointing, our chapter 11 plan allows for direct distribution of cash and crypto to customers via the Voyager platform,” the Tweet added.
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A substantive part of the $1 billion deal was allowed to proceed by the U.S. government on April 20 filing, despite concerns the fine print of the contract would pardon breaches of tax or securities law.