Judge halts Voyager Digital’s $1.3 billion sale to Binance.US

A federal judge on Monday temporarily stopped bankrupt Voyager Digital from completing a proposed $1.3 billion sale to crypto exchange Binance.US, allowing the US government more time to pursue appeals that challenge the legality of the deal.

The US Attorney’s Office for the Southern District of New York and the Office of the US Trustee, the Department of Justice’s (DOJ) bankruptcy watchdog, filed appeals in early March over a bankruptcy court’s approval of the sale.

They argued that the protections could rubber stamp crypto tokens that might be unregistered securities, as well as transactions that could be illegal under US securities laws.