Voyager’s committee of unsecured creditors reached an agreement with the U.S. government for Binance.US to acquire $1 billion worth of the bankrupt firm’s digital assets.

After months of back and forth with regulators in court rooms, Voyager’s planned asset sale to Binance.US will move forward.

In an April 19 court filing in New York District Court, the official committee of unsecured creditors for Voyager and the U.S. government agreed on a deal involving Binance.US acquiring $1 billion worth of Voyager’s assets.

1/ Voyager, the UCC, and the Government reached a resolution that will allow the Plan to move forward and go effective shortly.

— Voyager Official Committee of Unsecured Creditors (@VoyagerUCC) April 19, 2023

“The resolution is embodied in a joint stipulation providing that the appeals will continue with respect to the Plan’s exculpation provision. The Government has agreed that the Plan may move forward without such provision and will not otherwise be subject to the stay,” said Voyager’s creditor committee in a statement posted to Twitter.

The creditor committee also claims that it is now working with Voyager and Binance.US on making this happen as quickly as possible, once approved by the District Court.

The deal, announced in December, was part of Voyager’s voluntary restructuring process which would see customer funds returned to the bankrupt firm’s creditors as soon as possible, the firm said at the time.

Unsurprisingly, the proposed buyout plan was met with resistance in many forms, including a limited objection filed by the U.S. Securities and Exchange Commission (SEC), another objection filed by Alameda Research, and a Commodities and Futures Trading Commission (CFTC) lawsuit against Binance. 

Last month, U.S. District Judge Jennifer Rearden granted the U.S. Department of Justice’s application for an emergency stay, putting the sale on hold until an appeal on the same made its way to the U.S. courts. 

The latest announcement, which likely sets things back in motion, has given market participants with funds locked on Voyager a reason to be optimistic.