Ende Regulators reject the agreement between Binance and Voyager Digital due to investigations

in hive-150122 •  2 years ago 

Hello friend, today I come across the news that several regulators have rejected Binance's proposal to acquire Voyager Digital, which is a crypto active broker that recently declared bankruptcy.

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Source pixabay Author geralt

Binance tried to solve the recovery of the funds of the users of digital voyager after deciding to acquire it but this was hindered by the stock exchange commission of (USA) since voyager is under investigation to see if the debtors and others violated the norm Registered anti-fraud in the United States.

If the regulators were not rejected the binance proposal, users would have access to the funds of the platform before it fell into bankruptcy after the Terra Luna debacle. Another that rejected the proposal, as expected, was the New York financial services department, which in my opinion has a grip on the most famous exchange house in the world, such as Binance.

According to the New York Department of Financial Services, the digital voyager platform has a judicial file and they oppose it because they are aware that it indicates that: one or more of the debtors may have operated and may continue to operate in New York, when they are not authorized to work in new york.

Another one that adds to the list is the Federal Trade Commission of the United States (FTC). According to an express representative of the government agency that allowing the acquisition of binance will interfere in an investigation that the Federal Trade Commission opened to the company for certain acts the employees and directors did and for their deceptive and unfair marketing of cryptocurrencies to the public.

In conclusion

We must bear in mind that investing our money in a platform that offers great profit means that what happened with Voyager digital happens that after the company declares bankruptcy, who benefits from this type of platform are investors who invest on time and manage to get the maximum benefit before the platform collapses.

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