FTX's trading arm Alameda Research is the latest to object to a $1B plan by rival Binance to buy up bankrupt crypto lender Voyager. jackschickler reports.
, which demanded more information on how Binance.US could afford the $1 billion deal, and by state securities and banking regulators from Texas, New Jersey, Vermont and New York.
The U.S. Trustee, an office within the Department of Justice, also objected, writing,"Given [Voyager's] recent unpleasant experience with FTX US, the court should not countenance their attempt to rush headlong into another asset purchase agreement without sufficient evidence of due diligence and without affording parties-in-interest a full and fair opportunity for due deliberation.", “unfairly discriminates against” Alameda’s claims and breaches provisions of the U.S.
The filing, made by Andrew G. Dietderich of Sullivan & Cromwell, the law firm representing the FTX group, said that Alameda is a “substantial shareholder” of Voyager. Under a rescue plan made in June, Alameda offered the collapsing Voyager $200 million and 15,000 bitcoins , of which $75 million in stablecoins still outstanding as of the date of bankruptcy, the filing said.
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