Binance Terminates Asset Purchase Agreement with Voyager
Author: James WilsonVoyager clarified that the termination of the agreement would not be detrimental to the company's customers. Instead, it is anticipating that any distributions of cash and cryptocurrency to the customers will be handled through a Chapter 11 plan. Through this plan, their customers will receive direct distribution of their assets through the Voyager platform.
Although the asset purchase agreement was cancelled, hopefully, investors will be pleased with the alternative plan that Voyager has put forward. As the Chapter 11 regulations were put in place to protect creditors, customers should be relatively reassured that their investments are safe, though it is still a difficult situation.
It remains to be seen what further actions will be taken due to Binance's decision to cancel the asset purchase agreement. The plan via Chapter 11 regulations, however, should help to reduce any unease that impacted customers may face, holding their investments safe until the ultimate resolution is reached.