Binance Acquisition Of Voyager Digital May Be Delayed Or Barred

According to foreign media reports on the last December 30, after the shadow of the collapse of the major cryptocurrencies TerraUSD and Luna had a huge impact on the entire cryptocurrency market, the cryptocurrency lender Voyager Digital was also affected by this and filed for bankruptcy in last July. The latest news suggests that Binance’s $1 billion takeover of the agency may be delayed or blocked by a U.S. national security review.

Voyager initially planned to sell its assets to FTX, but that deal fell through when FTX went bankrupt in last November amid a frenzy of customer withdrawals and fraud allegations, and founder Sam Bankman-Fried was arrested. After that, Binance intends to acquire Voyager Digital, but CFIUS, the Committee on Foreign Investment in the United States, has been reviewing whether foreign companies’ investments in U.S. companies pose national security risks, and Binance is the focus of money laundering investigations by U.S. prosecutors. The committee said on last Dec. 30 that its review “could affect the ability of the parties to complete the transactions, the timing of completion, or relevant terms,” according to the bankruptcy court filing. CFIUS has played an increasingly important role in blocking CCP’s investment in the United States. Its court filings do not mention any specific security concerns raised by the Voyager acquisition, but it said a bankruptcy court could block a company’s takeover or bid in bankruptcy if national security concerns were involved.

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