Crypto lender Voyager Digital gets judge's OK to sell assets to Binance.US

Voyager Digital ( OTCPK:VYGVQ ), the cryptocurrency lender that filed for bankruptcy protection last July, has received court approval to offload its assets to Binance.US, the American arm of crypto exchange Binance, in a deal valued at more than $1B, Bloomberg reported Tuesday, citing a hearing in New York. The deal was approved by U.S. Bankruptcy Judge Michael Wiles, who also allowed Voyager ( OTCPK:VYGVQ ) to try to close a payout plan which could reimburse customers some 73% of what they are owed, depending on what the prices of certain cryptos are in the coming weeks, the article said . At the same time, Wiles was said to have overruled recent claims by the U.S. Securities and Exchange Commission that certain aspects of the Voyager-Binance.US deal and the payout plan breach laws on the unregistered offer and sale of securities. Last month, (Feb. 22) The U.S. Federal Trade Commission probed Voyager Digital over "deceptive and unfair" crypto marketing.