Binance.US Wants Voyager to Return $10 Million From Failed Deal

December 27, 2024, 6:58 PM UTC

Failed cryptocurrency exchange Voyager Digital Holdings Inc. allegedly owes millions of dollars to Binance.US after failing to complete an asset agreement, a new complaint said.

Voyager “breached the explicit and negotiated terms” of a December 2022 asset purchase agreement when it failed to close a multimillion-dollar transaction, according to a Thursday complaint from BAM Trading Servces Inc., which does business as Binance.US. An escrow account held a $10 million deposit from Binance.US as part of the agreement.

Attorneys for Michael Wise, Voyager’s wind-down plan administrator, didn’t immediately respond to a request for comment.

Voyager had significant exposure to cryptocurrency hedge ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.