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FTX Opposition to $1B Binance Deal Is 'Hypocrisy and Chutzpah,' Voyager Says

Bankrupt crypto lender Voyager has defended its $1 billion plan to sell assets to Binance.US, calling criticisms “hypocrisy and chutzpah” based on unverified speculation, two legal filings posted late Sunday night show.

The plan has been opposed by Alameda Research, the trading arm of bankrupt crypto exchange FTX, as well as the U.S. Securities and Exchange Commission (SEC), Department of Justice (DoJ) and numerous state-level regulators, with a hearing due to be held at a New York bankruptcy court on Tuesday.

Doubts expressed by the SEC, alongside financial regulators from New York, Texas and Vermont and the U.S. Trustee, the bankruptcy division of the DoJ, about whether Binance.US can afford the deal are “misplaced,” Voyager said.

(By Jack Schickler)

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