Binance US Is Not Buying Voyager's Crypto Assets For $1.02 Billion

A recent Forbes report clarified the deal between Binance.US – the United States-based partner of Binance – and embattled cryptocurrency brokerage firm Voyager relating to the latter’s bankruptcy proceedings. According to the article, Binance does not plan to purchase Voyager’s assets for $1.02B, as numerous reports suggest. The news had triggered a rally from Voyager’s native token, VGX, surging by 40% before hitting a roadblock.

Voyager’s Bid Reopening Process Might Have This Impact on VGX Holdings

Bankrupt crypto lender Voyager [VGX] announced the reopening of the bidding process for its assets on 11 November. The announcement was made after news broke that crypto exchange FTX US had filed for Chapter 11 bankruptcy protection.