Canadian crypto custodian Prime Trust filed for bankruptcy under Chapter 11 of the United States Bankruptcy Act. Prime Trust filed for bankruptcy because it has greater liabilities or debts than the value of its assets. “The company intends to file a number of motions with the bankruptcy court designed to facilitate the company’s orderly evaluation […]
On April 26, 2023, Binance US announced that it had canceled its planned acquisition of Voyager Digital, a crypto broker. The announcement came as a surprise to many, as the acquisition had been expected to go through smoothly. Binance US did not provide any specific reasons for the cancellation of the acquisition, but it cited […]
A federal US bankruptcy court signed off on Voyager’s long awaited restructuring plan on Tuesday, with Binance.US officially stepping in as the crypto credit company’s expected financial savior. Binance.US has agreed to cough up $1.3 billion in the process, according to multiple reports, in an agreement to acquire Voyager’s assets. The billion dollar-plus payouts, according […]