Judge halts Voyager’s sale to Binance.US pending government appeal

The latest chapter in the Voyager sale saga saw a federal judge temporarily halt Voyager’s attempt to sell its assets to Binance.US after federal regulators opposed the deal.

On March 27, District Judge Jennifer Rearden of the U.S. District Court for the Southern District of New York granted the government’s emergency application for a pause in the sale of Voyager, pending an appeal launched by the U.S. Department of Justice (DoJ) earlier this month—an appeal which had previously been dismissed by bankruptcy Judge Michael Wiles on March 15.

After Judge Wiles dismissed the DoJ’s application to halt the sale, it filed its emergency appeal on behalf of the government on March 17; Voyager filed papers opposing the appeal on March 20; and then on March 21, the Government followed up with a further reply in support of its motion.