Texas’ Declare Securities Board and the Division of Banking are objecting to a proposed deal between Binance.US and bankrupted crypto lender Voyager Digital, in accordance to a Feb. 24 court docket filing 24.
In accordance with the doc, Binance.US’s terms of carrier and restructuring procedure absorb pretty a few “inadequate” disclosures, along side out a longer informing unsecured creditors adequately that below the procedure, they would possibly possibly possibly also simply finest receive 24%-26% restoration in desire to the 51% they would possibly possibly possibly receive below Chapter 7. Binance.US disclosed in December an agreement to aquire Voyager’s sources for $1.022 billion.
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