Voyager Approved to Sell Crypto Customer Accounts to Binance

Voyager Digital Ltd. won court approval to sell its crypto platform to Binance.US for $20 million as part of Voyager’s plan to liquidate in bankruptcy.

Under terms of the deal, about $1 billion worth of assets that Voyager holds on behalf of customers would be taken over by Binance, which will then give account holders the option to cash out. The deal cannot close until US Bankruptcy Judge Michael E. Wiles approves the related bankruptcy liquidation plan.

Customers will have the right to vote on the Binance deal in the coming weeks when they are asked to consider supporting the ...