A bankruptcy judge has denied a bid by the U.S. government to halt the $1 billion bid by Binance.US to buy up Voyager’s assets.
Judge Michael Wiles ruled that the proposed deal does not absolve Voyager and its staff of violations of tax or securities law, as U.S. Attorney Damian Williams had argued.
Judge Wiles also ruled that waiting longer on the deal would harm Voyager clients who haven’t been able to access their crypto since the bankruptcy was declared in July 2022.
Under a separate deal agreed to by Voyager, the Binance.US purchase, previously set to come into effect on March 15, has been extended to March 20.
