The US Bankruptcy Court for the Southern District of New York has reviewed Voyager's deal with Binance and given preliminary approval. The exchange is prepared to buy the cryptocurrency lender's customer base and assets for $1.02 billion.
But despite the fact that the court has effectively given the green light to the agreement, it is too early to talk about a completed deal. Binance is still under pressure from federal authorities.
The exchange has found itself in the crosshairs of not only the SEC, but also the Committee on Foreign Investment (CFIUS). The company said that it is ready for any checks. And this is how the agency commented on the situation:
"We are coordinating with Binance and their attorneys to not only deal with this issue, but also to expedite its resolution."
