Voyager Digital, a crypto lending company that has declared bankruptcy, has reached an agreement with the U.S. Federal Government. As a result, the company will proceed with its $1 billion transaction with Binance.US, with the crypto exchange selling assets worth $1 billion to Binance’s American subsidiary.
Also read: Binance.US, Voyagers’ $1 Billion Deal Gains Final Approval
The Voyager deal has met with several ups and downs, with the government halting the deal. Now that the government has waved the green flag, Binance.US will acquire all the assets of Voyager.
According to the details from DeBank, Voyager currently holds stablecoins and digital assets worth $257,400,495.
Voyager holds over 3.1 trillion Shiba Inu
A detailed look at Voyager’s holdings reveals that the cryptocurrency lender has over 3.1 trillion Shiba Inu in its wallet. The current value of these holdings is around $32 million. USDC accounts for the majority of the holdings, with ETH right behind.
Also read: Shiba Inu: Could Shibarium Burn 500 Billion SHIB?
Despite previous challenges, it appears that the deal has been successfully negotiated. Like many other companies, Voyager Digital suffered financial losses during the 2022 bear market. With the deal finally coming to a conclusion, Binance.US will receive over 3.1 trillion Shiba Inu. The recent deal will also strengthen the presence of the exchange in the US.