"Maybe Binance US feels like it's a loss to buy this crypto exchange asset."
US cryptocurrency exchange giant Binance scrapped a $1.3 billion deal to buy the assets of digital asset lender Voyager Digital in the wake of weakening regulation.
In a court filing on Tuesday, Voyager's lawyers said that Binance US is entitled to $10 million worth of deposits and termination fees but that the exchange is still not interested in buying its assets.
This is because Binance US said that the regulatory uncertainty has been the reason why the business community of the United States (US) has been affected, adding that they will create a platform that allows its customers to participate in the digital asset economy.
Following the action of Binance US, Voyager will now have difficulty raising funds through the sale of assets to repay creditors shortly after its exchange suffered a debacle last year.
Earlier, Voyager agreed to sell its assets to FTX but unfortunately the deal fell through immediately when the crypto exchange faced bankruptcy in November 2022.
After that, Binance US became interested in buying Voyager's assets but was again blocked once a federal judge stopped Voyager from completing the proposed deal.
Following Binance US ending the deal to buy the asset, Voyager will continue its previous plan to return crypto and cash directly to its customers through its platform.
