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Voyager Digital to Liquidate its Assets After 2 Failed Purchase Agreements

Voyager Digital is planning to self-liquidate its assets and shut down operations after failing to secure purchase deals with Binance. The planned FTX-Voyager acquisition failed as a result of the exchange sliding into an abrupt bankruptcy and the subsequent arrest of its chief, Sam Bankman-Fried. However, the collapse of the deal with the American arm of crypto giant Binance was seen as a major blow to the digital asset industry’s efforts to establish itself in the US amid a massive crackdown by the regulators. According to a court filing on May 4th, the estimated initial recovery of Voyager’s customers was found to be 35.72%.

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