Voyager is selling crypto assets through Coinbase, suggests on-chain data
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Voyager Digital, the
Amid the alleged sell-off of funds, the United States Securities and Exchange Commission (SEC) objected to Binance.US’ move to acquire over $1 billion of assets belonging to Voyager.
In a Feb. 22 filing submitted to the U.S. Bankruptcy Court for the Southern District of New York, the SEC stated:
“However, the Debtors (Binance.US) have yet to demonstrate that they would be able to conduct such sales in compliance with the federal securities laws.”
The filing highlights concerns over the lawfulness and ability to undertake planned asset restructuring through the acquisition. It also questions whether Voyager debtors can recoup some of their assets following the firm’s bankruptcy.
