Steward Health Care Sells Operations to Optum Care
In a move driven by financial pressures, Steward Health Care System, a hospital network facing significant debt, has announced …
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.
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
In a move driven by financial pressures, Steward Health Care System, a hospital network facing significant debt, has announced …
Nakia Holmes, the proprietor of the popular Houston establishment Turkey Leg Hut, has filed for Chapter 11 bankruptcy protection …
The Singapore Exchange (SGX) has announced a significant initiative to enhance transparency within its commodities …
Nano Nuclear Energy, a company pioneering innovative nuclear reactor designs, has officially submitted its initial public …
In today’s global economy, supply chains have become increasingly complex and interconnected, making them vulnerable to natural …
Manufacturing processes are now more adaptable, energy-efficient, and environmentally friendly thanks to the development of numerous …