Key Points: Since the $1 billion initial transfer, Binance has not taken any action from this wallet.
The only thing that the fund is worth is the $50 transaction.
@ScopeProtocol tweeted that Binance has not done anything with the $1B recovery fund since Voyager’s acquisition. It has been 36 days since Binance first announced the $1B industry recovery fund. This wallet has not moved since the $1 billion first transfer. The only thing that the fund is worth are the $50 test transactions. Many users have inquired about Binance’s future plans after the acquisition. Voyager, however, has already announced that Binance US will acquire its assets which are valued at $1.002billion at current market prices. Voyager Digital Ltd. is an encrypted lending platform and stated that its operating company would be dissolution on December 19, 2022. Binance US will also spend $1.022 trillion to acquire Voyager Digital Assets. The offer from Binance.US attempts to return cryptocurrency in kind to clients based on court-approved payouts and platform capabilities.Binance.US will make a $10 million good faith deposit and refund Voyager for certain expenses up to $15 million. The agreement allows Binance.US to immediately take action to return value to clients if the transaction is not completed by April 18, 2023. However, it can be extended for one month. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuWebsite: coincu.comChubbiCoincu NewsTags: BinanceBinanceUScryptomarketVoyagerVoyager bankruptcy