In an unexpected turn of events, Voyager Digital has received the court’s approval to go through with their deal with Binance US, according to Bloomberg. The deal would allow Voyager’s investors to recoup between 50-73% of their holdings, contingent on the outcome of Alameda’s lawsuit against Voyager – and the recent appreciation in the value of crypto assets nearly across the board.

Currently, Voyager creditors stand to gain about $100 million more if the deal goes through as opposed to liquidation. Should the deal with Binance US be carried out, creditors would have to apply for a refund via Binance US’ platform.

Voyager has reserved $445 million to pay Alameda in case the courts order the company to give back the funds borrowed and then repaid by Alameda.

Motivating his decision to approve the sale, US Bankruptcy Judge Michael Wiles expressed frustration with the SEC and the DOJ, stating that, in the current case, even they seem unsure of whether the sale would create legal issues.

(By George Georgiev)