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Voyager’s one billion dollar purchase cancelled by Binance.US

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Gherardo Fiorenzo
Gherardo Fiorenzo is an Italian author with a unique perspective shaped by his experiences in Italy and the US. His thought-provoking articles, short stories, and reviews explore the intersections of language, identity, and culture.

Voyager took to Twitter to announce support for Binance out of its deal to purchase company assets.

the announcement comes after the United States government He has approved a $1 billion acquisition deal by the US cryptocurrency exchange subsidiary after previously putting it on hold on acquisition plan.

Binance.US voyager agreement failed

Voyager advertiser They have received a termination letter from Binance.US. Voyager announced Binance.US is officially canceling a file asset An acquisition deal after a lengthy process that included interference from the US authorities.

Moreover, it has received the termination letter from the Binance American subsidiary, which supposedly closed a $1 billion deal.

On Twitter, Voyager pointed out development as “disappointing” but maintained Chapter 11 strategy. In addition, they stated that they would “immediately return value to customers through direct distributions.”

Then the tweet said: “We will deliver more information on the next steps and any customer actions need Takes in Coming days.”

The acquisition of Binance.US of Voyager has taken control of cryptocurrency market in recent weeks. The exchange was to pay approximately $20 million in Reimbursement for Voyager customers in The United States but it now appears that the deal is void.

But the US authorities blocked the deal due to fears of violating laws. Instead, it is government has authorized the proposal, allowing Binance.US to do so acquire The remaining crypto lender assets.

After the revelation, Voyager token VGX had a more from 10% declinedown to a low level of $0.308.

end caused by regulatory climate

Binance.US has released a file statement Chapter explanation. According to the conversation, this is because of unstable operating environment Made by us unfriendly and uncertain regulatory climate.

exchange also Stated its commitment to creating a “secure platform” for Client.

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