<a href="https://www.cryptoknowmics.com/news/binance-us-to-bid-on-crypto-lender-voyager-cz-confirms">Voyager Digital</a>, a failed cryptocurrency lender, was cited by <a href="https://www.cryptoknowmics.com/news/binance-secures-acquisition-of-indonesian-tokocrypto-exchange">Binance</a>. According to the <a href="https://www.prnewswire.com/news-releases/voyager-announces-agreement-for-binanceus-to-acquire-its-assets-301706065.html" target="_blank" rel="nofollow noopener">corporation</a>, BinanceUS has agreed to purchase its assets for $1.022 billion. In addition to the special attention of $20 million in marginal benefit, the bid reflects the fair market value of Voyager's cryptocurrency holdings, which have a market capitalization of around $1.002 billion at the moment.
<h2>Voyager Proposal for BinanceUS to Refund Crypto</h2>
Voyager stated in the announcement that the BinanceUS proposal aspires to refund <a href="https://www.cryptoknowmics.com/news/amber-group-acquires-300-million-via-fundraising">cryptocurrency</a> to clients in kind, in compliance with judicial disbursements and platform abilities.

Last month, <a href="https://www.cryptoknowmics.com/news/binance-ceo-changpeng-cz-zhao-warns-employees-of-difficult-times">Changpeng "CZ" Zhao</a>, CEO of Binance, said that the exchange's American division would make a new offer for Voyager Digital. Binance is considering a proposal for the assets of the insolvent cryptocurrency lender, according to a previous report.
<h2>Reimbursements to Voyager</h2>
BinanceUS will provide a $10 million fair and reasonable deposit and would pay up to $15 million in reimbursements to Voyager for certain costs. Additionally, Voyager will ask the <a href="https://www.cryptoknowmics.com/news/bankruptcy-judge-demands-return-of-44m-in-crypto-to-celsius-users">bankruptcy</a> court for permission during a hearing on January 5, 2023.

Voyager, which filed for bankruptcy earlier this year, had agreed to hand over its assets to the now-defunct cryptocurrency exchange <a href="https://www.cryptoknowmics.com/news/sam-bankman-fried-accused-by-us-sec-of-scamming-ftx-investors">FTX</a>, which prevailed over rivals Wave Financial and Binance to acquire the assets. Voyager Digital's native token, VGX, surged over 32% after Binance won the deal. At the time of writing, the price of VGX was around 38 cents. In response to the announcement, Binance's BNB coin increased by more than 1%, trading at $250.

Voyager Announces Agreement for BinanceUS to Acquire Its Assets

Voyager stated that the BinanceUS proposal aspires to refund crypto to clients in kind, in compliance with judicial disbursements and platform abilities.

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Voyager Announces Agreement for BinanceUS to Acquire Its Assets

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