The District Court of the Southern District of New York City rejected the reason why the US government terminated the recovery of bankrupt artist company Voyager by Binance.US. According to the presiding judge Michael Wiles, any delay in the transfer will also harm the interests of former Voyager clients, who are waiting to return their assets.

The decision to reject the government resolution was made on March 15. In the resolution, the presiding judge, Michael Michael Wiles, strictly enforced, approving in advance Voyager Digital's bankruptcy plan, which proposes to sell billions of dollars of property to Binanc.US in order to diligently regain liquidity and repay customers.

As a result, the court rejected the appeal of the government department to suspend the execution of the confirmation order, that is, to further delay the completion of the bankruptcy plan (two weeks in this case). In the appeal mentioned on March 14, the bankruptcy plan was sued "so that fraud, theft or tax savings would not be affected". It also stipulates that this provision should be deleted to prevent foreign governments from legally verifying all those who participate in the sale.

Judge Wiles said the charges were exaggerated and incorrectly described, and ruled that he planned to go bankrupt again. However, he confirmed that the current period of stay will end on March 20.

The court approved the recovery of Binance.US-Voyager on March 7th. Judge Wiles allowed the trading site to complete the Binance.US sales business and distribute loan repayment tokens to the affected Voyager customers. He refuted a series of SEC arguments that allocating assets from Voyager to Binance.US would violate US securities law.

The decision came after 97 per cent of the 61300 Voyager account holders were found to be eligible for the restructuring plan. According to the current possibility, the plan is expected to cause travelers and debtors to recover about 73% of the use value of the funds.