Binance.us and Voyager Courtroom Drama 🙀🤯 Welcome to Crypto Insights, your go-to channel for all things related to the exciting world of crypto! In this video, your host brings you the thrilling update on the Binance.US bid to purchase Voyager's assets. In a recent development, a bankruptcy judge has ruled that the $1 billion bid should proceed, rejecting the US government's request to suspend the proceedings while the appeal is pending. This high-stakes legal game of chess is like a daytime soap opera for crypto enthusiasts! The government has filed an appeal alleging that the bankruptcy plan would protect individuals involved in fraud, theft, or tax evasion. However, Voyager agreed to extend the effective date for the Binance.US purchase, and the show must go on! Let's take a quick trip down memory lane to understand how Voyager ended up in bankruptcy protection after Three Arrows Capital failed to fulfill a massive loan obligation. Judge Michael Wiles clarified that the provisions in the deal do not prevent any regulatory action, including actions to halt cryptocurrency sales and distributions outlined in the plan. As a crypto enthusiast, your host feels for Voyager's clients who've been unable to access their crypto since the bankruptcy declaration. However, this ruling confirms that the deal doesn't release Voyager and its employees from any tax or securities law infringements. So buckle up and subscribe for more exciting crypto content! Let's see how this story unfolds and hope that justice prevails for all parties involved. Don't forget to hit the like button if you enjoyed this video! #Voyager #Binance #cryptocurrency #cryptotok #crypto #btc #bitcoin #sec #pieceofthepy #pieceofthepyshow
