The post SEC Objects Binance.US – Voyager Acquisition Deal, What Next? appeared first on Coinpedia Fintech News
Last month the crypto exchange, Binance announced the acquisition of bankrupt Voyager digital assets for $1.022 billion. This bid included the fair market value of Voyager’s crypto portfolio along with $20 million of incremental value. The deal was set to close on or before April 18, 2023, after Binance had agreed to deposit $ 10 million in good faith.
However, the US Securities and Exchange Commission (SEC) has now filed a limited objection to Binance. The reason for the ban is stated to be the lack of information regarding the acquisition. The limited objection which was filed on Jan 4, claims that the purchase agreement fails to mention Binance’s ability to make the purchase, future plans of the company after the deal, and the details of customer assets protection.
SEC Demands More Information On Binance-Voyager Acquisition
Furthermore, the SEC has asked Voyager to g
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