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The United States Department of Justice (DoJ) appealed against the latest release of the property sold between Voyager Digital and Binance.US.
On March 8, the client of the second region of the United States filed an appeal with the District people's Court of the Southern District of New York City to boycott the permission of the Voyager Digital bankruptcy plan.
The day before that, on March 7th, US bankruptcy chief Michael Wiles (Michael Wiles) decided on the Chapter 11 plan. The plan will allow the former cryptographer to sell billions of dollars of assets to Binance.US in order to diligently regain liquidity and repay customers.
Later, Wiles told Bloomberg News that he could not place the case "permanently frozen clean, while regulators have found out if he thinks there is something wrong with the deal and the plan."
It is reported that he also said that according to the current plan, Voyager customers will see about 73% recycling. In addition, a social opinion poll released in a court filing on February 28th showed that 97 per cent of Voyager customers were eligible for Binance.US transactions.
Even so, the Securities and Exchange Federation (SEC) has announced a boycott of the deal. Financial regulators have indicated that major asset restructuring plans and Binanc.US purchases are likely to violate securities laws.
In a court filing on February 24th, the Texas Securities Commission and the Department of Financial institutions boycotted the deal with Binance.US.
If US regulators succeed in blocking the deal, travelers will be able to settle. The initial bankruptcy filing will take place on July 5, 2022, when securities companies try to regroup and "return use value" to more than 100000 customers.