Voyager Digital Ltd. ("Voyager" or the "Company") announced today that it has entered into an agreement for Binance.US to acquire its assets. Binance.US’ bid sets a clear path forward for Voyager customers’ funds to be unlocked as soon as possible, and returned to them in the form of the cryptocurrencies previously held in their Voyager accounts.
“Our bid is a reflection of our guiding principle that customers should come first. Our goal is simple: return users their cryptocurrencies on the fastest timeline possible,” said Brian Shroder, Chief Executive Officer and President of Binance.US. “We hope our selection brings to an end a painful bankruptcy process which saw customers unfairly dragged into it at no fault of their own. Upon close of the deal, users will be able to seamlessly access their digital assets on the Binance.US platform where they will continue to receive future disbursements from the Voyager estate.”
Binance.US provides secure access to nearly 150 of the world’s most popular cryptocurrencies, including zero fee trading on select Bitcoin and Ethereum pairs, and is the largest staking platform in the U.S. offering some of the highest APYs in the industry. All customer funds on Binance.US are fully reserved. Binance.US does not, has never, and will not touch or trade with customer funds, lend customer assets or offer margin, undertake proprietary trading, or take on any corporate debt .
Binance.US was established and structured to adhere to strict U.S. regulations, and is built on a cutting-edge security infrastructure that is enhanced with Binance technology, the world’s largest and most trusted crypto brand. Binance.US closed its $200 million seed round at a $4.5 billion evaluation in April, and remains well capitalized so that all of their assets exceed liabilities, maintaining 1:1 reserves.
Voyager Digital LLC will seek Bankruptcy Court approval to enter into the asset purchase agreement between Voyager Digital LLC and Binance.US at a hearing on January 5, 2023.
Voyager Digital customers should look out for emails from Voyager Digital regarding next steps soon.