Texas challenges Voyager and Binance as US deal, court docket filings present


The Texas Securities Fee and banking sector are opposing a proposed deal between Binance.US and bankrupt crypto lender Voyager Digital. in accordance with Submitting in court docket on 24 February 24.

Based on paperwork, Binance.US’ phrases of service and restructuring plan contained quite a few “inadequate” disclosures, giving unsecured collectors 24% to 26% as an alternative of 51% beneath the plan. This contains failing to correctly notify you that you could be solely get a restoration of Acquired beneath Chapter 7. Binance.US Contract disclosed in December Buy Voyager property for $1.022 billion.

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