Binance US has canceled a USD 1 billion deal to acquire the assets of bankrupt crypto lender Voyager Digital. Voyager claims in a tweet that it has received a letter “terminating the asset purchase agreement” from Binance US.
In a move that was intended to create a “clear path forward for Voyager customer funds to be unlocked as soon as possible,” Binance won the bidding war for Voyager’s assets in December. The company has since announced that it will “move swiftly to return value to customers via direct distributions” of cash and cryptocurrency.
Binance US cites the “hostile and uncertain regulatory climate in the United States” as the reason for its choice in its own tweet.