Alameda Research Opposes Binance.US' Plan to Acquire Voyager Digital Assets

Alameda Research also opposed Binance.US’ plan to acquire Voyager Digital’s assets, a deal that had previously been challenged by the U.S. Securities and Exchange Commission (SEC) and the states of Texas, New Jersey, Vermont, etc., according to a court filing, CoinDesk reported. and objections from New York state securities and banking regulators. The SEC requires Binance.US to demonstrate its ability to pay over $1 billion for the acquisition. The Office of the Trustee under the U.S. Department of Justice also stated that the court should not allow an asset purchase agreement to be reached without sufficient evidence of due diligence and without providing stakeholders with sufficient and fair opportunities for deliberation, and Binance.US is involved in this transaction. The trustee's office asked the Southern District of New York not to approve the transaction in violation of a bankruptcy law requirement that subordinated creditors cannot be paid until higher priority claims are fully resolved. The court will hold a hearing on Voyager-related issues next Monday, the documents show.