(Reuters) -Voyager Digital, the bankrupt crypto lender, said on Tuesday that cryptocurrency exchange Binance.US had called off a $1.3 billion deal to buy its assets.
“The hostile and uncertain regulatory climate in the United States has introduced an unpredictable operating environment impacting the entire American business community,” a spokesperson for Binance.US said in a statement. “We are focused on creating a safe platform where our customers can participate in the digital asset economy.”
The move adds another hurdle for Voyager, which has been looking to raise funds through an asset sale to repay its creditors after it collapsed into bankruptcy last year. The company had initially agreed to sell its assets to major digital asset exchange FTX, but that deal fell apart when FTX imploded in November.
Binance.US stepped in later, but the acquisition was clouded by regulatory opposition. Last month, a federal judge temporarily stopped Voyager from completing the proposed deal, allowing the U.S. government more time to pursue challenges.
(Reporting by Niket Nishant in Bengaluru and Hannah Lang in Washington; Editing by Shinjini Ganguli, Shailesh Kuber and Leslie Adler)
