According to court documents, Voyager and its creditors may be at risk of losing $100 million if the legal objections raised by the US government are not resolved by April 13.
In a lawsuit, Voyager’s creditors state that there is clear evidence that they will suffer significant losses if a $1 billion purchase of Voyager’s assets by Binance.US does not proceed as planned.
Voyager itself claims that any delay in the deal would cost them $10 million a month, and over a million of their customers would not be able to access their savings.
The deal was originally signed in December and approved by a bankruptcy judge in March, but the US authorities have since been able to terminate the transaction after a month of litigation.
In July 2022, Voyager filed for bankruptcy, and since February of this year, it has been actively selling its assets.
Lookonchain analytics portal reports that Voyager sold 1,449 ETH through Wintermute for USDC, receiving a total of $2.25 million ($1,553 per ETH).
The situation remains uncertain, and Voyager is doing everything it can to salvage the deal with Binance.US to avoid significant losses for its creditors.
However, the legal objections raised by the US government pose a significant obstacle to the completion of the transaction.