Bankrupt crypto brokerage Voyager Digital submitted files in a United States court on Jan. 8 in action to objections raised to the Binance.US proposition to purchase out its debt. Voyager announced it had authorized the deal on Dec. 19. The Securities and Exchange Commission, four states, the U.S. trustee and Alameda Research submitted objections to it.Voyager mentioned in one file that objections to the Binance.US deal”fail to advance any accurate or legal assistance”in their arguments, while Binance.US provided lenders higher recovery rates than other propositions and expeditious healing. Voyager’s decision to accept the Binance.US strategy was an exercise of sound service judgment, it argued. The”service judgment guideline “is a legal doctrine that explains how courts ought to appreciate the

decisions of a business’s executives. The file states: “The Objections disregard the useful truths of these chapter 11 cases and stop working to determine any transaction that supplies a better outcome for the Debtors’creditors. There is none. And time

is of the essence in these chapter 11 cases.”Voyager likewise explained that the arrangement protected its”‘fiduciary out’ought to a greater or much better alternative transaction be proposed. “Objections from the U.S. trustee and the states of Vermont, New

York, Texas and Hawaii were dismissed in the document as “premature. ” Cast your vote now!A 2nd, longer respond, dated Jan. 8, detailed the purported adequacy of the information supplied in the Binance.US strategy and argued in detail that other objections are premature and, in the case of Alameda Research, frivolous. Related: Investors seek to offer FTX, Celsius, BlockFi, Voyager claims The SEC had submitted a limited objection to the Binance.US plan on Jan.

4, claiming the strategy was insufficiently detailed. Alameda claimed the strategy did not appreciate its loan center claims, which Voyager stated it only participated in the loan agreement”based on AlamedaFTX’s deceptive and false representations.” Voyager participated in a$500 million loan contract with Alameda to assist it cover losses it experienced after the failure of the crypto venture capital company Three Arrows Capital. The @binance offer to purchase @investvoyager for $1.02 B makes no sense, unless they’re not preparing to

make users entire.$1B of is owed to Voyager customers.Let’s GENEROUSLY presume that Binance keeps 1M of the 3.5 M Voyager users. $1000 per user is ridiculous.What’s CZ’s angle?– Cory Swan.com #Bitcoin WORKS(@coryklippsten )January 9, 2023 Voyager applied for Chapter 11 bankruptcy on July 5. According to the shorter court filing on Jan. 8, Voyager participated in conversations with 96 third parties interested in its business. FTX US won the auction for Voyager possessions in