See Related:<\/strong><\/em> CFTC Investigates Binance Over Insider Trading Allegations<\/a><\/p>\n\n\n\n Voyager Digital filed for bankruptcy last July, months after the collapse of Terra LUNA and stablecoin UST sent shockwaves in the crypto space. The company went down with more than 100,000 creditors; FTX's Alameda Research is owed $75 million.<\/p>\n\n\n\n See Related: <\/em><\/strong>The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"Voyager Digital \u2013 Binance.US $1.3 Billion Sale Suspended Pending DOJ\u2019s Appeal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"voyager-digital-binance-us-1-3-billion-sale-suspended-pending-dojs-appeal","to_ping":"","pinged":"","post_modified":"2023-03-30 01:12:00","post_modified_gmt":"2023-03-29 14:12:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10654","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The decision coincided with a lawsuit against Binance.US's parent company by the Commodities Futures Trading Commission (CFTC) for alleged illegal trading of crypto derivatives. The suit, filed before a federal court in Chicago, also charged CEO Changpeng Zhao and Binance's former compliance officer Samuel Liam.<\/p>\n\n\n\n See Related:<\/strong><\/em> CFTC Investigates Binance Over Insider Trading Allegations<\/a><\/p>\n\n\n\n Voyager Digital filed for bankruptcy last July, months after the collapse of Terra LUNA and stablecoin UST sent shockwaves in the crypto space. The company went down with more than 100,000 creditors; FTX's Alameda Research is owed $75 million.<\/p>\n\n\n\n See Related: <\/em><\/strong>The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"Voyager Digital \u2013 Binance.US $1.3 Billion Sale Suspended Pending DOJ\u2019s Appeal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"voyager-digital-binance-us-1-3-billion-sale-suspended-pending-dojs-appeal","to_ping":"","pinged":"","post_modified":"2023-03-30 01:12:00","post_modified_gmt":"2023-03-29 14:12:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10654","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
At the beginning of the month, the bankruptcy presiding Judge Michael Wiles green-lit<\/a> the sale against objections by the SEC, saying that his responsibility was to ensure that the creditors were paid promptly. Binance.US could pay $20 million in cash to Voyager and assume the assets and deposits of the lender.\u00a0<\/p>\n\n\n\n The decision coincided with a lawsuit against Binance.US's parent company by the Commodities Futures Trading Commission (CFTC) for alleged illegal trading of crypto derivatives. The suit, filed before a federal court in Chicago, also charged CEO Changpeng Zhao and Binance's former compliance officer Samuel Liam.<\/p>\n\n\n\n See Related:<\/strong><\/em> CFTC Investigates Binance Over Insider Trading Allegations<\/a><\/p>\n\n\n\n Voyager Digital filed for bankruptcy last July, months after the collapse of Terra LUNA and stablecoin UST sent shockwaves in the crypto space. The company went down with more than 100,000 creditors; FTX's Alameda Research is owed $75 million.<\/p>\n\n\n\n See Related: <\/em><\/strong>The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"Voyager Digital \u2013 Binance.US $1.3 Billion Sale Suspended Pending DOJ\u2019s Appeal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"voyager-digital-binance-us-1-3-billion-sale-suspended-pending-dojs-appeal","to_ping":"","pinged":"","post_modified":"2023-03-30 01:12:00","post_modified_gmt":"2023-03-29 14:12:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10654","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
At the beginning of the month, the bankruptcy presiding Judge Michael Wiles green-lit<\/a> the sale against objections by the SEC, saying that his responsibility was to ensure that the creditors were paid promptly. Binance.US could pay $20 million in cash to Voyager and assume the assets and deposits of the lender.\u00a0<\/p>\n\n\n\n The decision coincided with a lawsuit against Binance.US's parent company by the Commodities Futures Trading Commission (CFTC) for alleged illegal trading of crypto derivatives. The suit, filed before a federal court in Chicago, also charged CEO Changpeng Zhao and Binance's former compliance officer Samuel Liam.<\/p>\n\n\n\n See Related:<\/strong><\/em> CFTC Investigates Binance Over Insider Trading Allegations<\/a><\/p>\n\n\n\n Voyager Digital filed for bankruptcy last July, months after the collapse of Terra LUNA and stablecoin UST sent shockwaves in the crypto space. The company went down with more than 100,000 creditors; FTX's Alameda Research is owed $75 million.<\/p>\n\n\n\n See Related: <\/em><\/strong>The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"Voyager Digital \u2013 Binance.US $1.3 Billion Sale Suspended Pending DOJ\u2019s Appeal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"voyager-digital-binance-us-1-3-billion-sale-suspended-pending-dojs-appeal","to_ping":"","pinged":"","post_modified":"2023-03-30 01:12:00","post_modified_gmt":"2023-03-29 14:12:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10654","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
See Related: <\/em><\/strong>FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n At the beginning of the month, the bankruptcy presiding Judge Michael Wiles green-lit<\/a> the sale against objections by the SEC, saying that his responsibility was to ensure that the creditors were paid promptly. Binance.US could pay $20 million in cash to Voyager and assume the assets and deposits of the lender.\u00a0<\/p>\n\n\n\n The decision coincided with a lawsuit against Binance.US's parent company by the Commodities Futures Trading Commission (CFTC) for alleged illegal trading of crypto derivatives. The suit, filed before a federal court in Chicago, also charged CEO Changpeng Zhao and Binance's former compliance officer Samuel Liam.<\/p>\n\n\n\n See Related:<\/strong><\/em> CFTC Investigates Binance Over Insider Trading Allegations<\/a><\/p>\n\n\n\n Voyager Digital filed for bankruptcy last July, months after the collapse of Terra LUNA and stablecoin UST sent shockwaves in the crypto space. The company went down with more than 100,000 creditors; FTX's Alameda Research is owed $75 million.<\/p>\n\n\n\n See Related: <\/em><\/strong>The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"Voyager Digital \u2013 Binance.US $1.3 Billion Sale Suspended Pending DOJ\u2019s Appeal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"voyager-digital-binance-us-1-3-billion-sale-suspended-pending-dojs-appeal","to_ping":"","pinged":"","post_modified":"2023-03-30 01:12:00","post_modified_gmt":"2023-03-29 14:12:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10654","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\"Upon consideration of all parties' written submissions, as well as the conferences and oral argument held in this matter, the government's emergency motion is hereby granted. An opinion setting forth the reasons for this ruling will be issued shortly,\" <\/em>District Judge Jennifer Rearden said on Monday, according to a report<\/a> by Bloomberg.\u00a0<\/p>\n\n\n\n See Related: <\/em><\/strong>FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n At the beginning of the month, the bankruptcy presiding Judge Michael Wiles green-lit<\/a> the sale against objections by the SEC, saying that his responsibility was to ensure that the creditors were paid promptly. Binance.US could pay $20 million in cash to Voyager and assume the assets and deposits of the lender.\u00a0<\/p>\n\n\n\n The decision coincided with a lawsuit against Binance.US's parent company by the Commodities Futures Trading Commission (CFTC) for alleged illegal trading of crypto derivatives. The suit, filed before a federal court in Chicago, also charged CEO Changpeng Zhao and Binance's former compliance officer Samuel Liam.<\/p>\n\n\n\n See Related:<\/strong><\/em> CFTC Investigates Binance Over Insider Trading Allegations<\/a><\/p>\n\n\n\n Voyager Digital filed for bankruptcy last July, months after the collapse of Terra LUNA and stablecoin UST sent shockwaves in the crypto space. The company went down with more than 100,000 creditors; FTX's Alameda Research is owed $75 million.<\/p>\n\n\n\n See Related: <\/em><\/strong>The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"Voyager Digital \u2013 Binance.US $1.3 Billion Sale Suspended Pending DOJ\u2019s Appeal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"voyager-digital-binance-us-1-3-billion-sale-suspended-pending-dojs-appeal","to_ping":"","pinged":"","post_modified":"2023-03-30 01:12:00","post_modified_gmt":"2023-03-29 14:12:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10654","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The US Department of Justice (DOJ), the Office of the US Trustee, and the Southern District of New York Attorney's office objected to the sale at the beginning of the month over concerns that the transaction could amount to an illegal sale of securities under the SEC regulations.<\/p>\n\n\n\n \"Upon consideration of all parties' written submissions, as well as the conferences and oral argument held in this matter, the government's emergency motion is hereby granted. An opinion setting forth the reasons for this ruling will be issued shortly,\" <\/em>District Judge Jennifer Rearden said on Monday, according to a report<\/a> by Bloomberg.\u00a0<\/p>\n\n\n\n See Related: <\/em><\/strong>FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n At the beginning of the month, the bankruptcy presiding Judge Michael Wiles green-lit<\/a> the sale against objections by the SEC, saying that his responsibility was to ensure that the creditors were paid promptly. Binance.US could pay $20 million in cash to Voyager and assume the assets and deposits of the lender.\u00a0<\/p>\n\n\n\n The decision coincided with a lawsuit against Binance.US's parent company by the Commodities Futures Trading Commission (CFTC) for alleged illegal trading of crypto derivatives. The suit, filed before a federal court in Chicago, also charged CEO Changpeng Zhao and Binance's former compliance officer Samuel Liam.<\/p>\n\n\n\n See Related:<\/strong><\/em> CFTC Investigates Binance Over Insider Trading Allegations<\/a><\/p>\n\n\n\n Voyager Digital filed for bankruptcy last July, months after the collapse of Terra LUNA and stablecoin UST sent shockwaves in the crypto space. The company went down with more than 100,000 creditors; FTX's Alameda Research is owed $75 million.<\/p>\n\n\n\n See Related: <\/em><\/strong>The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"Voyager Digital \u2013 Binance.US $1.3 Billion Sale Suspended Pending DOJ\u2019s Appeal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"voyager-digital-binance-us-1-3-billion-sale-suspended-pending-dojs-appeal","to_ping":"","pinged":"","post_modified":"2023-03-30 01:12:00","post_modified_gmt":"2023-03-29 14:12:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10654","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Bankrupt cryptocurrency lending platform Voyager Digital may have to wait longer before selling its assets to Binance.US after a federal judge halted the $1.3 billion deal following an appeal by the regulators.<\/p>\n\n\n\n The US Department of Justice (DOJ), the Office of the US Trustee, and the Southern District of New York Attorney's office objected to the sale at the beginning of the month over concerns that the transaction could amount to an illegal sale of securities under the SEC regulations.<\/p>\n\n\n\n \"Upon consideration of all parties' written submissions, as well as the conferences and oral argument held in this matter, the government's emergency motion is hereby granted. An opinion setting forth the reasons for this ruling will be issued shortly,\" <\/em>District Judge Jennifer Rearden said on Monday, according to a report<\/a> by Bloomberg.\u00a0<\/p>\n\n\n\n See Related: <\/em><\/strong>FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n At the beginning of the month, the bankruptcy presiding Judge Michael Wiles green-lit<\/a> the sale against objections by the SEC, saying that his responsibility was to ensure that the creditors were paid promptly. Binance.US could pay $20 million in cash to Voyager and assume the assets and deposits of the lender.\u00a0<\/p>\n\n\n\n The decision coincided with a lawsuit against Binance.US's parent company by the Commodities Futures Trading Commission (CFTC) for alleged illegal trading of crypto derivatives. The suit, filed before a federal court in Chicago, also charged CEO Changpeng Zhao and Binance's former compliance officer Samuel Liam.<\/p>\n\n\n\n See Related:<\/strong><\/em> CFTC Investigates Binance Over Insider Trading Allegations<\/a><\/p>\n\n\n\n Voyager Digital filed for bankruptcy last July, months after the collapse of Terra LUNA and stablecoin UST sent shockwaves in the crypto space. The company went down with more than 100,000 creditors; FTX's Alameda Research is owed $75 million.<\/p>\n\n\n\n See Related: <\/em><\/strong>The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"Voyager Digital \u2013 Binance.US $1.3 Billion Sale Suspended Pending DOJ\u2019s Appeal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"voyager-digital-binance-us-1-3-billion-sale-suspended-pending-dojs-appeal","to_ping":"","pinged":"","post_modified":"2023-03-30 01:12:00","post_modified_gmt":"2023-03-29 14:12:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10654","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Bankrupt cryptocurrency lending platform Voyager Digital may have to wait longer before selling its assets to Binance.US after a federal judge halted the $1.3 billion deal following an appeal by the regulators.<\/p>\n\n\n\n The US Department of Justice (DOJ), the Office of the US Trustee, and the Southern District of New York Attorney's office objected to the sale at the beginning of the month over concerns that the transaction could amount to an illegal sale of securities under the SEC regulations.<\/p>\n\n\n\n \"Upon consideration of all parties' written submissions, as well as the conferences and oral argument held in this matter, the government's emergency motion is hereby granted. An opinion setting forth the reasons for this ruling will be issued shortly,\" <\/em>District Judge Jennifer Rearden said on Monday, according to a report<\/a> by Bloomberg.\u00a0<\/p>\n\n\n\n See Related: <\/em><\/strong>FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n At the beginning of the month, the bankruptcy presiding Judge Michael Wiles green-lit<\/a> the sale against objections by the SEC, saying that his responsibility was to ensure that the creditors were paid promptly. Binance.US could pay $20 million in cash to Voyager and assume the assets and deposits of the lender.\u00a0<\/p>\n\n\n\n The decision coincided with a lawsuit against Binance.US's parent company by the Commodities Futures Trading Commission (CFTC) for alleged illegal trading of crypto derivatives. The suit, filed before a federal court in Chicago, also charged CEO Changpeng Zhao and Binance's former compliance officer Samuel Liam.<\/p>\n\n\n\n See Related:<\/strong><\/em> CFTC Investigates Binance Over Insider Trading Allegations<\/a><\/p>\n\n\n\n Voyager Digital filed for bankruptcy last July, months after the collapse of Terra LUNA and stablecoin UST sent shockwaves in the crypto space. The company went down with more than 100,000 creditors; FTX's Alameda Research is owed $75 million.<\/p>\n\n\n\n See Related: <\/em><\/strong>The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"Voyager Digital \u2013 Binance.US $1.3 Billion Sale Suspended Pending DOJ\u2019s Appeal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"voyager-digital-binance-us-1-3-billion-sale-suspended-pending-dojs-appeal","to_ping":"","pinged":"","post_modified":"2023-03-30 01:12:00","post_modified_gmt":"2023-03-29 14:12:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10654","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Bankrupt cryptocurrency lending platform Voyager Digital may have to wait longer before selling its assets to Binance.US after a federal judge halted the $1.3 billion deal following an appeal by the regulators.<\/p>\n\n\n\n The US Department of Justice (DOJ), the Office of the US Trustee, and the Southern District of New York Attorney's office objected to the sale at the beginning of the month over concerns that the transaction could amount to an illegal sale of securities under the SEC regulations.<\/p>\n\n\n\n \"Upon consideration of all parties' written submissions, as well as the conferences and oral argument held in this matter, the government's emergency motion is hereby granted. An opinion setting forth the reasons for this ruling will be issued shortly,\" <\/em>District Judge Jennifer Rearden said on Monday, according to a report<\/a> by Bloomberg.\u00a0<\/p>\n\n\n\n See Related: <\/em><\/strong>FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n At the beginning of the month, the bankruptcy presiding Judge Michael Wiles green-lit<\/a> the sale against objections by the SEC, saying that his responsibility was to ensure that the creditors were paid promptly. Binance.US could pay $20 million in cash to Voyager and assume the assets and deposits of the lender.\u00a0<\/p>\n\n\n\n The decision coincided with a lawsuit against Binance.US's parent company by the Commodities Futures Trading Commission (CFTC) for alleged illegal trading of crypto derivatives. The suit, filed before a federal court in Chicago, also charged CEO Changpeng Zhao and Binance's former compliance officer Samuel Liam.<\/p>\n\n\n\n See Related:<\/strong><\/em> CFTC Investigates Binance Over Insider Trading Allegations<\/a><\/p>\n\n\n\n Voyager Digital filed for bankruptcy last July, months after the collapse of Terra LUNA and stablecoin UST sent shockwaves in the crypto space. The company went down with more than 100,000 creditors; FTX's Alameda Research is owed $75 million.<\/p>\n\n\n\n See Related: <\/em><\/strong>The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"Voyager Digital \u2013 Binance.US $1.3 Billion Sale Suspended Pending DOJ\u2019s Appeal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"voyager-digital-binance-us-1-3-billion-sale-suspended-pending-dojs-appeal","to_ping":"","pinged":"","post_modified":"2023-03-30 01:12:00","post_modified_gmt":"2023-03-29 14:12:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10654","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Bankrupt cryptocurrency lending platform Voyager Digital may have to wait longer before selling its assets to Binance.US after a federal judge halted the $1.3 billion deal following an appeal by the regulators.<\/p>\n\n\n\n The US Department of Justice (DOJ), the Office of the US Trustee, and the Southern District of New York Attorney's office objected to the sale at the beginning of the month over concerns that the transaction could amount to an illegal sale of securities under the SEC regulations.<\/p>\n\n\n\n \"Upon consideration of all parties' written submissions, as well as the conferences and oral argument held in this matter, the government's emergency motion is hereby granted. An opinion setting forth the reasons for this ruling will be issued shortly,\" <\/em>District Judge Jennifer Rearden said on Monday, according to a report<\/a> by Bloomberg.\u00a0<\/p>\n\n\n\n See Related: <\/em><\/strong>FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n At the beginning of the month, the bankruptcy presiding Judge Michael Wiles green-lit<\/a> the sale against objections by the SEC, saying that his responsibility was to ensure that the creditors were paid promptly. Binance.US could pay $20 million in cash to Voyager and assume the assets and deposits of the lender.\u00a0<\/p>\n\n\n\n The decision coincided with a lawsuit against Binance.US's parent company by the Commodities Futures Trading Commission (CFTC) for alleged illegal trading of crypto derivatives. The suit, filed before a federal court in Chicago, also charged CEO Changpeng Zhao and Binance's former compliance officer Samuel Liam.<\/p>\n\n\n\n See Related:<\/strong><\/em> CFTC Investigates Binance Over Insider Trading Allegations<\/a><\/p>\n\n\n\n Voyager Digital filed for bankruptcy last July, months after the collapse of Terra LUNA and stablecoin UST sent shockwaves in the crypto space. The company went down with more than 100,000 creditors; FTX's Alameda Research is owed $75 million.<\/p>\n\n\n\n See Related: <\/em><\/strong>The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"Voyager Digital \u2013 Binance.US $1.3 Billion Sale Suspended Pending DOJ\u2019s Appeal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"voyager-digital-binance-us-1-3-billion-sale-suspended-pending-dojs-appeal","to_ping":"","pinged":"","post_modified":"2023-03-30 01:12:00","post_modified_gmt":"2023-03-29 14:12:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10654","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Tightening regulations have also impacted the expansion of sport sponsorship partnerships, especially after the collapse of FTX<\/a>. For instance, Kraken was forced to pay the Securities and Exchange Commission (SEC) $30 million in fines for offering unregistered crypto-staking services. Other top exchanges, Binance and Coinbase, face regulatory pressure in the US.<\/p>\n","post_title":"Kraken And Formula 1\u2019s Williams Racing Team Up For A Global Sport Sponsorship Deal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kraken-and-formula-1s-williams-racing-team-up-for-a-global-sport-sponsorship-deal","to_ping":"","pinged":"","post_modified":"2023-03-31 16:48:21","post_modified_gmt":"2023-03-31 05:48:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10664","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10654,"post_author":"13","post_date":"2023-03-30 01:11:56","post_date_gmt":"2023-03-29 14:11:56","post_content":"\n Bankrupt cryptocurrency lending platform Voyager Digital may have to wait longer before selling its assets to Binance.US after a federal judge halted the $1.3 billion deal following an appeal by the regulators.<\/p>\n\n\n\n The US Department of Justice (DOJ), the Office of the US Trustee, and the Southern District of New York Attorney's office objected to the sale at the beginning of the month over concerns that the transaction could amount to an illegal sale of securities under the SEC regulations.<\/p>\n\n\n\n \"Upon consideration of all parties' written submissions, as well as the conferences and oral argument held in this matter, the government's emergency motion is hereby granted. An opinion setting forth the reasons for this ruling will be issued shortly,\" <\/em>District Judge Jennifer Rearden said on Monday, according to a report<\/a> by Bloomberg.\u00a0<\/p>\n\n\n\n See Related: <\/em><\/strong>FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n At the beginning of the month, the bankruptcy presiding Judge Michael Wiles green-lit<\/a> the sale against objections by the SEC, saying that his responsibility was to ensure that the creditors were paid promptly. Binance.US could pay $20 million in cash to Voyager and assume the assets and deposits of the lender.\u00a0<\/p>\n\n\n\n The decision coincided with a lawsuit against Binance.US's parent company by the Commodities Futures Trading Commission (CFTC) for alleged illegal trading of crypto derivatives. The suit, filed before a federal court in Chicago, also charged CEO Changpeng Zhao and Binance's former compliance officer Samuel Liam.<\/p>\n\n\n\n See Related:<\/strong><\/em> CFTC Investigates Binance Over Insider Trading Allegations<\/a><\/p>\n\n\n\n Voyager Digital filed for bankruptcy last July, months after the collapse of Terra LUNA and stablecoin UST sent shockwaves in the crypto space. The company went down with more than 100,000 creditors; FTX's Alameda Research is owed $75 million.<\/p>\n\n\n\n See Related: <\/em><\/strong>The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"Voyager Digital \u2013 Binance.US $1.3 Billion Sale Suspended Pending DOJ\u2019s Appeal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"voyager-digital-binance-us-1-3-billion-sale-suspended-pending-dojs-appeal","to_ping":"","pinged":"","post_modified":"2023-03-30 01:12:00","post_modified_gmt":"2023-03-29 14:12:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10654","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Crypto sport sponsorships deals have declined since last year\u2019s bear market. FTX\u2019s partnership with Mercedes, for instance, collapsed after the exchange went bankrupt. Other deals that have ended include Tezos\u2019 partnership with Red Bull.<\/p>\n\n\n\n Tightening regulations have also impacted the expansion of sport sponsorship partnerships, especially after the collapse of FTX<\/a>. For instance, Kraken was forced to pay the Securities and Exchange Commission (SEC) $30 million in fines for offering unregistered crypto-staking services. Other top exchanges, Binance and Coinbase, face regulatory pressure in the US.<\/p>\n","post_title":"Kraken And Formula 1\u2019s Williams Racing Team Up For A Global Sport Sponsorship Deal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kraken-and-formula-1s-williams-racing-team-up-for-a-global-sport-sponsorship-deal","to_ping":"","pinged":"","post_modified":"2023-03-31 16:48:21","post_modified_gmt":"2023-03-31 05:48:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10664","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10654,"post_author":"13","post_date":"2023-03-30 01:11:56","post_date_gmt":"2023-03-29 14:11:56","post_content":"\n Bankrupt cryptocurrency lending platform Voyager Digital may have to wait longer before selling its assets to Binance.US after a federal judge halted the $1.3 billion deal following an appeal by the regulators.<\/p>\n\n\n\n The US Department of Justice (DOJ), the Office of the US Trustee, and the Southern District of New York Attorney's office objected to the sale at the beginning of the month over concerns that the transaction could amount to an illegal sale of securities under the SEC regulations.<\/p>\n\n\n\n \"Upon consideration of all parties' written submissions, as well as the conferences and oral argument held in this matter, the government's emergency motion is hereby granted. An opinion setting forth the reasons for this ruling will be issued shortly,\" <\/em>District Judge Jennifer Rearden said on Monday, according to a report<\/a> by Bloomberg.\u00a0<\/p>\n\n\n\n See Related: <\/em><\/strong>FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n At the beginning of the month, the bankruptcy presiding Judge Michael Wiles green-lit<\/a> the sale against objections by the SEC, saying that his responsibility was to ensure that the creditors were paid promptly. Binance.US could pay $20 million in cash to Voyager and assume the assets and deposits of the lender.\u00a0<\/p>\n\n\n\n The decision coincided with a lawsuit against Binance.US's parent company by the Commodities Futures Trading Commission (CFTC) for alleged illegal trading of crypto derivatives. The suit, filed before a federal court in Chicago, also charged CEO Changpeng Zhao and Binance's former compliance officer Samuel Liam.<\/p>\n\n\n\n See Related:<\/strong><\/em> CFTC Investigates Binance Over Insider Trading Allegations<\/a><\/p>\n\n\n\n Voyager Digital filed for bankruptcy last July, months after the collapse of Terra LUNA and stablecoin UST sent shockwaves in the crypto space. The company went down with more than 100,000 creditors; FTX's Alameda Research is owed $75 million.<\/p>\n\n\n\n See Related: <\/em><\/strong>The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"Voyager Digital \u2013 Binance.US $1.3 Billion Sale Suspended Pending DOJ\u2019s Appeal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"voyager-digital-binance-us-1-3-billion-sale-suspended-pending-dojs-appeal","to_ping":"","pinged":"","post_modified":"2023-03-30 01:12:00","post_modified_gmt":"2023-03-29 14:12:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10654","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Crypto sport sponsorships deals have declined since last year\u2019s bear market. FTX\u2019s partnership with Mercedes, for instance, collapsed after the exchange went bankrupt. Other deals that have ended include Tezos\u2019 partnership with Red Bull.<\/p>\n\n\n\n Tightening regulations have also impacted the expansion of sport sponsorship partnerships, especially after the collapse of FTX<\/a>. For instance, Kraken was forced to pay the Securities and Exchange Commission (SEC) $30 million in fines for offering unregistered crypto-staking services. Other top exchanges, Binance and Coinbase, face regulatory pressure in the US.<\/p>\n","post_title":"Kraken And Formula 1\u2019s Williams Racing Team Up For A Global Sport Sponsorship Deal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kraken-and-formula-1s-williams-racing-team-up-for-a-global-sport-sponsorship-deal","to_ping":"","pinged":"","post_modified":"2023-03-31 16:48:21","post_modified_gmt":"2023-03-31 05:48:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10664","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10654,"post_author":"13","post_date":"2023-03-30 01:11:56","post_date_gmt":"2023-03-29 14:11:56","post_content":"\n Bankrupt cryptocurrency lending platform Voyager Digital may have to wait longer before selling its assets to Binance.US after a federal judge halted the $1.3 billion deal following an appeal by the regulators.<\/p>\n\n\n\n The US Department of Justice (DOJ), the Office of the US Trustee, and the Southern District of New York Attorney's office objected to the sale at the beginning of the month over concerns that the transaction could amount to an illegal sale of securities under the SEC regulations.<\/p>\n\n\n\n \"Upon consideration of all parties' written submissions, as well as the conferences and oral argument held in this matter, the government's emergency motion is hereby granted. An opinion setting forth the reasons for this ruling will be issued shortly,\" <\/em>District Judge Jennifer Rearden said on Monday, according to a report<\/a> by Bloomberg.\u00a0<\/p>\n\n\n\n See Related: <\/em><\/strong>FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n At the beginning of the month, the bankruptcy presiding Judge Michael Wiles green-lit<\/a> the sale against objections by the SEC, saying that his responsibility was to ensure that the creditors were paid promptly. Binance.US could pay $20 million in cash to Voyager and assume the assets and deposits of the lender.\u00a0<\/p>\n\n\n\n The decision coincided with a lawsuit against Binance.US's parent company by the Commodities Futures Trading Commission (CFTC) for alleged illegal trading of crypto derivatives. The suit, filed before a federal court in Chicago, also charged CEO Changpeng Zhao and Binance's former compliance officer Samuel Liam.<\/p>\n\n\n\n See Related:<\/strong><\/em> CFTC Investigates Binance Over Insider Trading Allegations<\/a><\/p>\n\n\n\n Voyager Digital filed for bankruptcy last July, months after the collapse of Terra LUNA and stablecoin UST sent shockwaves in the crypto space. The company went down with more than 100,000 creditors; FTX's Alameda Research is owed $75 million.<\/p>\n\n\n\n See Related: <\/em><\/strong>The \u2018Terra\u2019ble Fate Of $UST And Its Sister Coin, $LUNA<\/a><\/p>\n","post_title":"Voyager Digital \u2013 Binance.US $1.3 Billion Sale Suspended Pending DOJ\u2019s Appeal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"voyager-digital-binance-us-1-3-billion-sale-suspended-pending-dojs-appeal","to_ping":"","pinged":"","post_modified":"2023-03-30 01:12:00","post_modified_gmt":"2023-03-29 14:12:00","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10654","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\u2018\u2018In line with Kraken\u2019s commitment to driving global awareness and adoption of crypto, the rear wing (of the racing cars) will showcase KrakenNFT customer-owned digital collectibles artwork from leading third-party NFT projects at select Grand Prix. Williams and Kraken will also collaborate on the design of limited-edition caps for select Grand Prix,\u2019\u2019<\/em> Williams Racing said in a\u00a0press release<\/a>.<\/p>\n\n\n\n Crypto sport sponsorships deals have declined since last year\u2019s bear market. FTX\u2019s partnership with Mercedes, for instance, collapsed after the exchange went bankrupt. Other deals that have ended include Tezos\u2019 partnership with Red Bull.<\/p>\n\n\n\n Tightening regulations have also impacted the expansion of sport sponsorship partnerships, especially after the collapse of FTX<\/a>. For instance, Kraken was forced to pay the Securities and Exchange Commission (SEC) $30 million in fines for offering unregistered crypto-staking services. Other top exchanges, Binance and Coinbase, face regulatory pressure in the US.<\/p>\n","post_title":"Kraken And Formula 1\u2019s Williams Racing Team Up For A Global Sport Sponsorship Deal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"kraken-and-formula-1s-williams-racing-team-up-for-a-global-sport-sponsorship-deal","to_ping":"","pinged":"","post_modified":"2023-03-31 16:48:21","post_modified_gmt":"2023-03-31 05:48:21","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=10664","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":10654,"post_author":"13","post_date":"2023-03-30 01:11:56","post_date_gmt":"2023-03-29 14:11:56","post_content":"\n Bankrupt cryptocurrency lending platform Voyager Digital may have to wait longer before selling its assets to Binance.US after a federal judge halted the $1.3 billion deal following an appeal by the regulators.<\/p>\n\n\n\n The US Department of Justice (DOJ), the Office of the US Trustee, and the Southern District of New York Attorney's office objected to the sale at the beginning of the month over concerns that the transaction could amount to an illegal sale of securities under the SEC regulations.<\/p>\n\n\n\n \"Upon consideration of all parties' written submissions, as well as the conferences and oral argument held in this matter, the government's emergency motion is hereby granted. An opinion setting forth the reasons for this ruling will be issued shortly,\" <\/em>District Judge Jennifer Rearden said on Monday, according to a report<\/a> by Bloomberg.\u00a0<\/p>\n\n\n\n See Related: <\/em><\/strong>FTX\u2019s Former Executives Subpoenaed By Voyager Creditors To Explain Failed Bailout Attempts<\/a><\/p>\n\n\n\n At the beginning of the month, the bankruptcy presiding Judge Michael Wiles green-lit<\/a> the sale against objections by the SEC, saying that his responsibility was to ensure that the creditors were paid promptly. Binance.US could pay $20 million in cash to Voyager and assume the assets and deposits of the lender.\u00a0<\/p>\n\n\n\n The decision coincided with a lawsuit against Binance.US's parent company by the Commodities Futures Trading Commission (CFTC) for alleged illegal trading of crypto derivatives. The suit, filed before a federal court in Chicago, also charged CEO Changpeng Zhao and Binance's former compliance officer Samuel Liam.<\/p>\n\n\n\nOverruling Bankruptcy Judge Wiles' Decision<\/h2>\n\n\n\n
Overruling Bankruptcy Judge Wiles' Decision<\/h2>\n\n\n\n
Overruling Bankruptcy Judge Wiles' Decision<\/h2>\n\n\n\n
Overruling Bankruptcy Judge Wiles' Decision<\/h2>\n\n\n\n
Overruling Bankruptcy Judge Wiles' Decision<\/h2>\n\n\n\n
Overruling Bankruptcy Judge Wiles' Decision<\/h2>\n\n\n\n
Overruling Bankruptcy Judge Wiles' Decision<\/h2>\n\n\n\n
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Overruling Bankruptcy Judge Wiles' Decision<\/h2>\n\n\n\n
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Overruling Bankruptcy Judge Wiles' Decision<\/h2>\n\n\n\n
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Overruling Bankruptcy Judge Wiles' Decision<\/h2>\n\n\n\n
The State Of Crypto Sport Sponsorship Deals<\/h2>\n\n\n\n
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Overruling Bankruptcy Judge Wiles' Decision<\/h2>\n\n\n\n
The State Of Crypto Sport Sponsorship Deals<\/h2>\n\n\n\n
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Overruling Bankruptcy Judge Wiles' Decision<\/h2>\n\n\n\n