Bankrupt crypto lender Voyager Digital has received initial court approval on 10 January for the proposal to sell its asset at around $1 billion to Binance.US. The US court permitted the crypto lender to enter into such agreement and to obtain creditor’s approval, though the issues would not be finalized until a future court hearing. Voyager attorney Joshua Sussberg said the company was addressing authority’s national security concern over the deal in order to expedite the review process. It is estimated that the customers will be able to recover 51% of the value of their deposits at the time the company filed bankruptcy application if the deal is executed.

Source: https://www.reuters.com