Binance.US Ends Deal to Buy Bankrupt Crypto Firm Voyager (2)

Binance.US terminated an agreement to purchase the bankrupt crypto broker Voyager Digital Holdings Ltd., less than a week after federal regulators dropped their efforts to halt the deal in court.

The decision came after months of wrangling and the intervention of multiple federal and state regulators over the deal. In a statement, Binance.US said “the hostile and uncertain regulatory climate in the United States has introduced an unpredictable operating environment impacting the entire American business community.”

“While this development is disappointing, our Chapter 11 plan allows for direct distribution of cash and crypto to customers via the Voyager platform,” ...