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Author Topic: Binance US buys Voyager Digital assets for $1.02 billion  (Read 186 times)
tabas
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December 24, 2022, 06:43:06 PM
 #21

I know that CZ is investing in ventures and it keeps on going but what he's trying to prove? I doubt it that he just want to save the company and the people who has still some pending money there. Maybe he sees something that we can't see?
But we're all sure that we see the same thing that Voyager is already on the grave and it will barely stand up and even with his help, he's just throwing money there and good for the people if they'll still take their money out after the acquisition.

CZ is not trying to prove anything, I reckon. This is a business decision and his team might have made an assessment that there is value in absorbing Voyager clients and bring them to their own platform, binance.us. There might also be other things that might give Binance an advantage like old licenses that can be renewed, skilled employees necessary for Binance's expansion or some cryptocoin assets still being held by the company.
Hm, I understand. As I know, it still got assets and that might be just one of the reasons of the acquisition but there's still more value that Binance itself can take advantage by having Voyager on their board.

I know that CZ is investing in ventures and it keeps on going but what he's trying to prove? I doubt it that he just want to save the company and the people who has still some pending money there. Maybe he sees something that we can't see?
My thoughts exactly, there is certainly more to his than meets the eye and CZ knows something because no one plays Santa on a sinking boat sunk boat !!
I think I understand it now but yeah, this is a corporation decision and they're in agreement that there's something that we can't see but only them.
Anyway, just hoping that they're not the next company to bite the dust although it is unlikely.

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February 23, 2023, 10:00:26 AM
Last edit: February 23, 2023, 10:10:49 AM by Rikafip
 #22

After bankruptcy court asked lawyers working on the case to revise the documents before he approves them, another obstacle for Binance takeover of Voyager appeared as SEC claims that deal would involve sale of unregistered securities.
Back in January SEC also objected the sale and asking Binance to provide more proof that they can actually afford the case and after that has been settled so it seems to me like they really want to stop this deal. Or maybe they are just extra diligent.  Tongue

Under the deal, “the transactions in crypto assets necessary to effectuate the rebalancing, the redistribution of such assets to Account Holders, may violate the prohibition in Section 5 of the Securities Act of 1933 against the unregistered offer, sale, or delivery after sale of securities,” a filing by the SEC said, citing in particular the VGX token issued by Voyager.

“It is the Debtors’ burden to present credible evidence that the provisions of the Plan are feasible and not in violation of applicable law,” the SEC said. The regulator also cited media reports that Binance is bracing itself to pay penalties for past infractions of money laundering and corruption law as evidence that the deal could become "unfeasible" and “impossible to consummate."

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