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Binance texas7/24/2023 ![]() ![]() The pattern element in the name contains the unique identity number of the account or website it relates to. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors.Ī variation of the _gat cookie set by Google Analytics and Google Tag Manager to allow website owners to track visitor behaviour and measure site performance. The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. It does not store any personal data.Īnalytical cookies are used to understand how visitors interact with the website. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". ![]() The cookie is used to store the user consent for the cookies in the category "Analytics". Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category. These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly. The bankrupt company also received about $150 million in USDC stablecoins. ![]() The company transferred around $121 million in crypto assets to exchanges in February. This is exactly what the company has been doing so far, and fast. On the whole, regulators suggest that users may be better off just selling Voyager’s assets. Voyager Dumps Millions in Crypto Holdings Users could not seek damages from Voyager employees, exempting them from liability. According to the FTC, the deal would preclude creditors from seeking relief outside the Binance plan. The deal may also leave Voyager execs off the hook, says the Federal Trade Commission (FTC) in its objection. According to the regulators, disclosures may reveal that the plan violates legislation against unlicensed securities offerings. The SEC’s Feb 22 filing said the plan does not include disclosures about the Binance US platform. US Securities and Exchange Commission (SEC) also raised objections to the deal on legal grounds. “If Alameda is successful in proving its administrative expense claim … recovery could be decreased from 51% to 24%-26% – an amount much lower than what the general unsecured claimants are estimated to receive in a Chapter 7 liquidation,” Texas regulators said. That loan could significantly impact what Voyager customers can expect to get from the deal. In particular, Alameda Research has a $445 million loan against Voyager. On Friday, the Texas State Securities Board and the Texas Department of Banking filed a joint objection to the deal. Texas regulators claim that Voyager did not adequately report their liabilities. However, US regulators disagree and object to the deal. ![]() Regulators Object to Binance US TakeoverĪccording to Voyager, the Binance bid will allow customers to regain 51% of the assets locked in the exchange. These users represented over $550 million in claims against the brokerage. Over 97% of Voyager customers that participated in voting approved the $1 billion deal between Voyager and Binance’s US affiliate.Īccording to a Tuesday court filing by the restructuring firm Stretto, over 59,000 voters participated in the vote. Users of Voyager Digital voted overwhelmingly in favor of the company’s plan to sell its assets to Binance US. They also suggest that the deal leaves Voyager execs off the hook for the millions in customer losses. Multiple US regulators object to the deal, citing unfavorable terms for creditors. However, the deal will likely face stiff regulatory opposition. Despite the deal, Voyager is still dumping millions of its assets.Īfter a vote by Voyager users, Binance’s bid to bail out the bankrupt crypto brokerage is one step closer to realization.Users are better off just selling Voyager’s assets, regulators suggest.US regulators claim the deal leaves Voyager execs off the hook and may be illegal.Over 97% of Voyager customers approved of the Binance US takeover bid. ![]()
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