Voyager's efforts to sell its assets to Binance US have been put on hold by a federal judge following the US government's filing for an emergency stay. District Judge Jennifer Rearden of the US District Court for the Southern District of New York granted the US Department of Justice's application for a stay pending an appeal of the sale, which was previously approved by a bankruptcy judge.
The move suspends the sale until the appeal can work its way through the US court system. Bankruptcy Judge Michael Wiles of the New York Southern Bankruptcy Court had approved the sale earlier this month over government agency objections, saying his mandate was to speed up the bankruptcy process to ensure Voyager creditors received their money back as soon as possible. Voyager filed for bankruptcy last July.
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