A judge has temporarily put a stop to the sale of Voyager Digital’s assets to the Binance.US exchange, which was going through bankruptcy proceedings.
On March 17, the US Department of Justice requested an emergency freeze on the transaction, and on March 20, Voyager Digital challenged this.
The government then sent a cross-appeal, to which Judge Jennifer Rearden ruled in favor of the government.
Although Binance.US had offered the highest bid of $1.02 billion in December 2022, regulators such as the SEC and the New York State Department of Financial Services opposed the deal.
