Voyager, a bankrupt crypto lender, and its creditors could lose $100 million if legal objections by the US government are not resolved by April 13, according to legal documents filed on Monday. Voyager is taking legal action to allow a $1 billion purchase by Binance.US to go ahead, fearing that ongoing contractual drafting quibbles could see the exchange pull out. Under the terms of the deal, Binance.US can back out if it isn't closed within four months. Lawyers for the US government have protested that the detailed terms of the contract would absolve the company from breaches of tax or securities law.

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Voyager Digital, a popular cryptocurrency broker, has redeemed $150 million worth of USDC stablecoin to fiat currency through Circle, a leading provider of digital asset financial services. The redemption was completed through Circle's USDC issuance and redemption platform, which allows users to convert USDC to fiat currency and vice versa.

Bankrupt crypto lender Voyager has received up to $610 million worth of USDC in two separate addresses in the past month, as part of its selloff campaign involving multiple assets, including Shiba Inu (SHIB), Ether (ETH), and Voyager Token (VGX). Voyager’s primary address also transferred $150 million worth of USDC tokens to Circle in exchange for cash. Despite the green light given to Binance.US by Judge Michael Wiles earlier this month to move Voyager's assets in a $1.3 billion acquisition deal, the government has filed multiple appeals against the deal, temporarily putting it on hold. Voyager still holds 3.1 trillion Shiba Inu tokens and 39,113 Ethereum.

The sale of Voyager Digital to Binance.US for $1 billion has been temporarily halted by a federal judge after a request by the US government for an emergency stay. The request was granted by Judge Jennifer Rearden of the US District Court in New York on March 27, pending a decision on the Department of Justice's appeal against the bankruptcy plan. The federal judge will soon release an opinion explaining the decision in more depth. The Voyager Official Committee of Unsecured Creditors has said it will continue to oppose the government's efforts. Over 97% of 61,300 Voyager account holders favour the restructuring plan. (Cointelegraph)

The District Court of the Southern District of New York declined the United States government’s reasonings for halting the acquisition of bankrupt brokerage company Voyager by Binance.US. According to Judge Michael Wiles, any protractions with the deal will harm the interests of Voyager’s former clients, who are waiting to return their funds. 

A $1 billion bid by Binance.US to buy up Voyager’s assets should go ahead, a bankruptcy judge ruled in a Wednesday court filing, denying a bid by the U.S. government to put proceedings on hold pending appeal.

The insolvent cryptocurrency lender, Voyager transferred 270 billion Shiba Inu (SHIB) to Coinbase.

The $1 billion deal offered by Binance.US to buy assets of bankrupt crypto lender Voyager should be put on hold while key legal objections are ironed out, the U.S. government said in a filing on Tuesday.

United States officials want to remove a provision included in bankrupt lender Voyager Digital’s plan to sell its digital assets to crypto exchange Binance.US that would prevent them from legally pursuing anyone involved with the sale. In a motion filed on March 14 in a New York Bankruptcy Court, U.S. Trustee William Harrington and other government attorneys argued: “the court improperly exceeded its statutory authority" in approving the pardoning. They requested the court's approval of the sale be delayed for two weeks to allow them to file an appeal. (Cointelegraph)