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.