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(Reuters) -Crypto exchange Binance's U.S. unit is relaunching its bid to buy bankrupt lending platform Voyager Digital, Coindesk reported on Thursday, citing a person According to a new press release published on Dec. 19, cryptocurrency exchange Binance.US will acquire assets of bankrupt crypto lender Voyager Digital for $1.022 Binance.US will make a good faith deposit of $10 million and will reimburse Voyager for certain expenses up to $15 million. Voyager will also seek the approval of the bankruptcy court at a Binance.US, an annex of the world's largest crypto exchange, makes a bid to acquire Voyager, a crypto lending firm. Voyager reopened the auction process as FTX.US According to a CoinDesk report, Binance’s US arm will relaunch its bid for the bankrupt crypto lender Voyager Digital. Previously, FTX had won the bid to acquire the Crypto exchange Binance's U.S. unit is relaunching its bid to buy bankrupt lending platform Voyager Digital, Coindesk reported on Thursday, citing a person familiar with Binance.US has been selected by Voyager Digital as the highest and best bid for its assets as part of its Chapter 11 bankruptcy proceedings, the company announced

Binance.US Reportedly to Relaunch Voyager Bid: What it Means for Crypto

The latest news shaking the crypto world centers around Binance.US and Voyager Digital. According to a CoinDesk report, Binance’s US arm will relaunch its bid for the bankrupt crypto lender Voyager Digital. This comes after previous attempts and a period of uncertainty surrounding Voyager's assets.

(Reuters) -Crypto exchange Binance's U.S. unit is relaunching its bid to buy bankrupt lending platform Voyager Digital, Coindesk reported on Thursday, citing a person familiar with the situation. This move signifies Binance.US's continued interest in expanding its reach within the US market and acquiring Voyager's valuable assets.

Binance.US's Acquisition of Voyager Assets: Key Details

According to a new press release published on Dec. 19, cryptocurrency exchange Binance.US will acquire assets of bankrupt crypto lender Voyager Digital for $1.022. This represents a significant investment and commitment from Binance.US to navigate the complexities of the current crypto landscape.

Binance.US will make a good faith deposit of $10 million and will reimburse Voyager for certain expenses up to $15 million. This financial commitment demonstrates Binance.US's seriousness in pursuing the acquisition and providing stability to Voyager's creditors and potentially its users.

Voyager will also seek the approval of the bankruptcy court. The acquisition is contingent upon regulatory approvals and the outcome of the bankruptcy proceedings. This process will be closely watched by industry experts and stakeholders.

The History of the Voyager Acquisition

Binance.US, an annex of the world's largest crypto exchange, makes a bid to acquire Voyager, a crypto lending firm. Voyager reopened the auction process as FTX.US initially emerged as the winning bidder, but that deal collapsed following FTX's own bankruptcy filing. This opened the door for Binance.US to re-enter the picture.

Crypto exchange Binance's U.S. unit is relaunching its bid to buy bankrupt lending platform Voyager Digital, Coindesk reported on Thursday, citing a person familiar with the matter. The source provides crucial insight into the ongoing negotiations and strategic motivations behind the acquisition.

Voyager Selects Binance.US: The Highest and Best Bid

Binance.US has been selected by Voyager Digital as the highest and best bid for its assets as part of its Chapter 11 bankruptcy proceedings, the company announced. This declaration confirms Binance.US's leading position in the acquisition process and suggests the offer provides the most favorable outcome for Voyager's stakeholders.

What This Means for the Future of Crypto

The potential acquisition of Voyager Digital by Binance.US has far-reaching implications for the crypto industry. It could signify a consolidation of power, a renewed focus on regulatory compliance, and a potential lifeline for Voyager's users. As the situation unfolds, the crypto community will be closely monitoring the outcome and its impact on the future of digital assets.

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