The U.S. Department of Justice (DOJ) has appealed a New York bankruptcy judge’s decision to assent the sale of assets belonging to bankrupt crypto lender Voyager Digital to Binance. The US.
The appeal comes a day after Judge Michael Wiles approved the deal.
The deal has been staunchly opposed by regulators, including the U.S. Securities and Exchange Commission (SEC) and various state regulators.
Under the proposed sale to Binance.US, Voyager’s customers would see an estimated 73% recovery.
The plan was supported by 97% of Voyager’s creditors.