US Court Halts Voyager's $1.3B Sale to Binance.US Pending Government Appeal

A federal judge has granted the U.S. government's request for an emergency stay on Voyager's sale of assets to Binance.US, putting the sale on hold until the appeal can work its way through the U.S. court system. The move comes after a bankruptcy judge previously approved the sale, despite objections from government agencies. The Commodity Futures Trading Commission (CFTC) also recently sued Binance's global entity on allegations it allowed U.S. customers to illegally trade crypto derivatives products on the platform.