Voyager Digital and its creditors stand to lose $100 million if legal objections brought by the U.S. government aren’t resolved by April 13, according to documents filed in court late Monday night. The bankrupt crypto lender is taking urgent legal action to let a $1 billion purchase by Binance.US go ahead, fearful that squabbles over the terms of the contract could prompt Binance.US to pull out. Consummation of the plan by April 13 is necessary to preserve massive creditor value,” a filing by Voyager’s creditors stated. “The evidence is uncontroverted that, if the deal is not completed, Voyager’s creditors will lose roughly $100 million in value. A parallel filing made by Voyager itself, also to the U.S. Court of Appeals for the Second Circuit in New York, said that delays could cost $10 million per month and that more than 1 million Voyager customers wouldn’t be able to access their savings. Under the terms of the deal, originally signed in December and approved by U.S. Bankruptcy Judge Michael Wiles in March.
VoyagerBinanceUS Legal Fight Must Be Resolved by April 13, Court Documents Say
