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Executives at Binance.US may have been exploring strategies to offload CZ's stake in the company over worry that the exchange might not be able to obtain regulatory licenses as long as Zhao is the
Both Voyager Digital and the creditor committee are still finalizing the liquidation procedures and plan to submit relevant filings on Friday, May 5.
Binance.US's move is a major burden for the now-bankrupt crypto brokerage firm, which has been looking for ways to raise funds to repay its creditors.
The struggle Binance.US is currently facing stemmed from the collapse of crypto-friendly banks, particularly Signature Bank, leaving it without a banking partner.
The SEC has until tomorrow morning to come up with a more convincing argument against Voyager’s restructuring plan.