NATO Monitors Russian Naval Drills Near Finland and Norway
April 24, 2025: NATO closely monitors a series of Russian naval exercises in the northern waters near Finland and Norway amid heightened military activity
- April 26, 2025 10:08 am
- California
December 20, 2022: -Binance will get the crypto assets and people deposits of Voyager Digital in a $1.02 billion agreement, following a planned FTX-Voyager acquisition that failed due to FTX’s defeat and Sam Bankman-Fried’s going to jail.
Voyager filed for the protection of bankruptcy in July 2022 following crypto hedge fund Three Arrows Capital (3AC) defaulted on a huge loan position gone over by Voyager. At fling time, the crypto exchange had nearly $1.3 billion in assets but was over $650 million by 3AC compared to $5.8 billion worth of support at the end of 2021.
Binance.US is independent of the international Binance. Still, Reuters has stated that Binance CEO Changpeng “CZ” Zhao established Binance.US in 2017 to serve as a “regulatory inquiry clearing house” to catch and get concerns from federal regulators.
Despite the nominal independence, Binance.US worked as a “de facto subsidiary” of the international agreement.
In a press release, Voyager added that Binance.US’ offer showed “the highest and best bid for its assets following a review of strategic options with the core objective of the highest value returned to customers and different creditors on an expedited timeframe.”
More than 1.7 million Voyager users want to discover what would happen to their crypto. When FTX’s deal was announced, users would receive an account credit alongside custody of specific cryptocurrencies that FTX supported. But after many weeks, following the exposure of a multi-billion dollar balance sheet hole pressuring FTX into bankruptcy, Voyager, like many other FTX acquisition targets, was forced into the lurch.
It still needs to be made clear how Voyager’s, pending the acquisition, may impact Binance’s stake in the FTX-Alameda bankruptcy.
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April 24, 2025: NATO closely monitors a series of Russian naval exercises in the northern waters near Finland and Norway amid heightened military activity
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