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Gungun Bhatia
Dec 31, 2022
by Gungun Bhatia

CFIUS Intends to Probe Any Deals Executed by Bankrupt Voyager

CFIUS Voyager

Table of contents

  1. CFIUS Plans to Examine Deals by Voyager
  2. Security Measures Provided by Binance
According to a filing by U.S. Attorney Damian Williams on Friday, the Committee on Foreign Investments in the U.S., also known as CFIUS, will examine transaction information by the insolvent cryptocurrency lender Voyager Digital Holdings. CFIUS warned that the action can have an impact on the terms, scheduling, and conclusion of any such agreements.

CFIUS Plans to Examine Deals by Voyager

CFIUS reviews potential purchases of foreign corporations with U.S. operations and rejects those that might endanger American national security. Although the world's largest exchange, Binance.com, has a different entity that just agreed to purchase Voyager's holdings for $1.022 billion, it was not included in the statement on Friday.

CFIUS is an interdisciplinary committee with the power to examine specific transactions expanding international investment in the United States, to reduce risks associated with such transactions, and to submit transactions to the President for his consideration of determining whether to stop or terminate them.

Security Measures Provided by Binance

Binance.com was one among the early bids for Voyager's assets in September, but it lost to the now-defunct FTX. According to the reports, national security measures prevented Binance from acquiring the American Voyager.

Changpeng Zhao, the founder, and CEO of Binance, was born in China but now resides in Canada. According to Binance, it is a multinational company.

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Binance United States FTX Committee on Foreign Investments in the U.S. (CFIUS) Voyager Digital Holdings
CFIUS Intends to Probe Any Deals Executed by Bankrupt Voyager
Gungun Bhatia
Gungun is an enthusiastic writer that likes to create content for various aspects of the blockchain and crypto industry. She carries out extensive research and provides readers with informative and high-quality material.

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