In a court filing on Tuesday, lawyers for Voyager said the company reserves all rights with respect to a $10 million good-faith deposit paid by Binance.US to Voyager, as well as a reverse-termination fee owed by Binance.US. "The hostile and uncertain regulatory climate in the United States has introduced an unpredictable operating environment impacting the entire American business community," a spokesperson for Binance.US said in a statement. "We are focused on creating a safe platform where our customers can participate in the digital asset economy."
The move adds another hurdle for Voyager, which has been
looking to raise funds through an asset sale to repay creditors
after it collapsed into bankruptcy last year. The company had
initially agreed to sell its assets to major digital asset
exchange FTX, but that deal fell apart when FTX imploded in
November.
Binance.US stepped in later, but the acquisition was clouded
by regulatory opposition. Last month, a federal judge
temporarily stopped Voyager from completing the proposed deal,
allowing the U.S. government more time to pursue challenges.
Voyager said following Binance.US's termination of the asset
purchase agreement it would proceed to exercise an option to
return cryptocurrency and cash directly to its customers through
the Voyager platform.
(Reporting by Niket Nishant in Bengaluru and Hannah Lang in
Washington
Editing by Leslie Adler and Matthew Lewis)
