Binance.US backs down from acquiring Voyager Digital

Binance’s US-based platform Binance US has canceled a $1.3 billion deal for assets of Voyager Digital Cryptocurrency exchange Binance.US, the US subsidiary of cryptocurrency exchange Binance, has withdrawn a $1.3 billion deal to acquire the assets of bankrupt cryptocurrency brokerage Voyager Digital. Binance.US has canceled a $1.3 billion deal to acquire the assets of Voyager Digital, citing the “hostile and uncertain” regulatory environment in the US. In the lawsuit, Voyager’s lawyers stated that the company reserves all rights regarding the $10 million deposit paid by Binance.US as a gesture of good faith and Binance.US’s termination fee. A Binance.US spokesperson also argued in a statement that the “hostile and uncertain” regulatory climate in the US has created an unpredictable operating environment that affects all American businesses. US-based cryptocurrency brokerage Voyager Digital filed for bankruptcy in July of last year. Voyager Digital announced in December last year that it had selected Binance.US, which made the highest bid for its assets, after evaluating strategic options in order to return the maximum amount to its customers and other creditors in the shortest possible time.