Binance US Deal for Voyager Assets Receives First Court Approval – Bitcoin (BTC/USD), Ethereum (ETH/USD)

Bankrupt Crypto Lender Voyager Digital GMBH VYGVF is one step closer to a potential lifeline as its proposed deal spins off some of its assets Binance USA moves forward.

What happened: Voyager Digital received its first court approval Tuesday to proceed with a proposed $1 billion sale of its assets to Binance US, according to a Reuters report. The lender is looking to expedite a US national security review of the deal to ensure its success.

US Bankruptcy Judge Michael Willes Voyager has given the green light to enter into an asset purchase agreement with Binance.US and seek creditor approval for the sale in a future court hearing.

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At Tuesday’s court hearing, Voyager attorney Joshua Sussberg stated that the company is acting on concerns raised by the United States about potential national security risks Committee on Foreign Investments in the United States (CFIUS) over the holiday season. He also announced that Voyager is committed to removing any impediments that could cause CFIUS to oppose the transaction.

“We are coordinating with Binance and their attorneys not only to handle this investigation, but to voluntarily file a request to move this process forward,” Sussberg said, as quoted by Reuters.

Voyager offers traders in the US options to access an affordable crypto trading solution, including Bitcoin BTC/USD, ether ETH/USD and other altcoins.

price action: Bitcoin was trading at $17,463 over the past 24 hours, up 1.49%, according to Benzinga Pro.

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Disclosure: Benzinga CEO Jason Raznick is a member of the unsecured board of creditors in Voyager Digital’s bankruptcy.

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