In a Tweet published today, Binance CEO Changpeng Zhao is seemingly considering whether to back out of the highly publicized Voyager acquisition deal. Specifically, the post was in response to coverage of US scrutiny over the proposed deal that has dominated headlines this week.
An acquisition deal is in place between Binance’s US affiliate and crypto lender Voyager. Conversely, the deal was curiously objected to by a series of US regulators. Subsequently, Zhao has now made the prospect of Binance exiting the deal a potential reality.
Binance CEO Addresses Voyager Deal Scrutiny
In the past few weeks, the largest crypto exchange platform on the planet has been a constant headline. Whether it be regulators attacking the issuer of the BinanceUSD stablecoin, or US senators attacking the companies dealings. The industry has seen the exchange undoubtedly become a target.
Now, following some scrutiny from American regulators, Binance CEO Changpeng Zhao has taken to Twitter to consider backing out of the Voyager deal. Specifically, Zhao Tweeted in response to coverage of the US regulator’s objections to the proposed deal.
The initial Tweet saw CryptoPotato report the US judge of Voyager’s bankruptcy hearings comments towards an SEC attorney objecting to hte acquisition. Specifically, the judge stated, “Deliberative is one thing, but what have you done? if there are reasons to be concerned here, I need to hear specifics.”
In response, Zhao Tweeted, “Maybe we should pull out?” Answering the unspecified concerns of the regulatory body over the proposed acquisition. Conversely, the concerns raised by regulators are likely connected to Binance Holdings Ltd. and not Binance. US. Although both entities are separate, they share majority ownership by Zhao.