Lawyers for Voyager Digital say the bankrupt crypto lender will self-liquidate its assets and wind down operations after failing to clinch a deal on a sale to either FTX US or Binance.US.

The Voyager Official Committee of Unsecured Creditors has announced that they are in the final stages of finalizing Liquidation Procedures.

Voyager Digital plans to begin returning funds to creditors as part of its bankruptcy proceedings, Voyager’s unsecured creditor committee said on May 4.

Binance.US has backed out of a deal to acquire bankrupt Voyager's assets, including over 3.1 trillion Shiba Inu tokens, leaving them at risk of a selloff. Binance.US cited growing regulatory uncertainty surrounding the crypto scene in the United States for its decision, despite a court giving the go-ahead for the acquisition. The termination of the acquisition deal indicates that Voyager will continue to liquidate its crypto holdings as initially intended in an attempt to raise liquid funds to make affected customers whole. These holdings include a 3.1 trillion Shiba Inu balance in one of its wallets. It remains to be seen how this systematic dump will affect the market, although market participants believe the impact will be minimal or nonexistent.

April 26 (Cointime) - According to 0xScope Protocol, Voyager has sold 124.5M $VGX with an average price of $0.41 since February, totaling about $51 million.

Binance.US has pulled out of a US$1.3 billion deal to buy bankrupt crypto lender Voyager Digital, the company sai<a href="https://twitter.com/BinanceUS/status/1650932061866172435" target="_blank">d</a> Tuesday, citing a lack of clear regulations in the country for the crypto industry.

Voyager reportedly has approximately $1.04 billion in assets available for liquidation.

Voyager has received a Notice of Termination from Binance.US, terminating the $1 billion acquisition deal between Voyager and BinanceUS.

Voyager Digital has confirmed that the Unsecured Creditors Committee (UCC) has agreed with the US government to allow Binance.US's proposed acquisition of the bankrupt crypto lender to move forward. In April 2023, Voyager faced heavy liquidity demand and filed for Chapter 11 bankruptcy. Binance.US had shown interest in acquiring Voyager Digital's assets, and FTX had also shown similar interest but went out of the equation following its own bankruptcy. Binance has been facing regulatory troubles, and last month, the US Commodities and Futures Trading Commission sued Binance.US for violating derivatives laws and accused Binance and its employees of instructing US customers to use virtual private networks to obscure their locations. (coingape)

Saudi Arabian wealth fund Sanabil now discloses its investments across the venture capital space, and many of them are into crypto.