Texas Regulators Say $1B Voyager-Binance Deal Benefits Halved if Alameda Loan Claim Succeeds

The benefits to creditors from Binance US’ $1.02 billion offer to buy up bankrupt crypto lender Voyager hinge on a $445 million loan claim by Alameda Research, making the deal potentially not worth bothering with, Texas regulators said in a Friday court filing. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest details and an update on global crypto rules.