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Posted on Mar 24, 2023Read on Mirror.xyz

U.S. court has postponed the administrative execution of Binance.US’ acquisition of Voyager until March 28

The Voyager Unsecured Creditors Committee (Voyager UCC) revealed on Twitter that the U.S. government had previously filed a motion seeking to permanently "suspend" Voyager's Chapter 11 plan, and that it would continue regardless of whether Voyager advanced the Binance.US acquisition. appealed and sought a "stay" of the deal.

After the latest hearing on March 24, the U.S. government asked the district court to extend the administrative execution of the "Binance.US Acquisition Transaction" until March 29, but was rejected by Voyager and the committee of unsecured creditors. However, the district court in Voyager The decision was postponed to March 28 under the objection of the Committee of Unsecured Creditors, which meant that the U.S. government was given additional time to appeal, and Voyager and UCC were therefore unable to advance the transaction plan with Binance.US and distribute funds to creditors.