©Reuters.
The Texas State Securities Board and Department of Banking reject a proposed deal between Binance.US and bankrupt crypto lender Voyager Digital. shows a court filing dated February 24.
According to the document, Binance.US’ terms of service and restructuring plan contain a number of “insufficient” disclosures, including failing to inform unsecured creditors that they may only receive 24% to 26% repayment under the plan, instead of the 51% that they would receive under Chapter 7. Binance.US announced an agreement in December to buy Voyage’s assets for $1.022 billion.
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