The Voyager Digital-Binance U.S. $1.3 billion deal still stands in uncertainty making the Voyager creditors restless.
A new filing by Voyager’s creditors states that if the U.S. government’s legal problems cannot be settled by April 13 then Voyager and its creditors risk losing $100 million.
The filing states “Consummation of the plan by April 13 is necessary to preserve massive creditor value. The evidence is uncontroverted that, if the deal is not completed, Voyager’s creditors will lose roughly $100 million in value.”
In a separate filing, Voyager claimed that any further delay would cost $10 million each month and prevent over 1 million users from obtaining their savings.
Recently, a US District Judge inhibited Binance’s $1.3 billion purchase of Voyager Digital to give the U.S. government more time to investigate the deal’s arrangements.
Voyager stated that “We will continue to aggressively oppose the Government’s efforts and will provide further updates as they become available.”
Also Read: Court rejects U.S. Government’s Stay Motion on Binance-Voyager Deal
