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CFIUS Reviews Binance’s Acquisition of Voyager Digital Assets

Published 12/31/2022, 04:22 AM
Updated 12/31/2022, 04:30 AM
CFIUS Reviews Binance’s Acquisition of Voyager Digital Assets

  • CFIUS announced that the committee would review Binance’s acquisition of the assets of the troubled crypto platform Voyager Digital.

  • Binance US intended to buy the assets of Voyager Digital with a bid of $20 million in cash.

  • The Committee has the authority to delay or block the proposal if the transaction poses threats to national security.

According to the United States bankruptcy court filing issued on Friday, the Committee on Foreign Investment in the United States (CFIUS) would review Binance’s $1 billion acquisition of the bankrupt crypto lender Voyager Digital. Following the review, the acquisition could be delayed or blocked by CFIUS while analyzing the possibilities of national security risks associated with transactions.

On December 19, the US branch of the cryptocurrency trading platform Binance, Binance US announced its decision to acquire the assets of the troubled crypto firm Voyager Digital. Later, the company shared the positive response of Voyager Digital, entering into an agreement for Binance.US to acquire its assets”.

Catherin Coley, the CEO of US Binance told that the company’s move would allow the ...

The post CFIUS Reviews Binance’s Acquisition of Voyager Digital Assets appeared first on Coin Edition.

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