US officials are once again trying to block the sale of the Voyager cruise ship, which has been sitting in the Port of Mobile, Alabama since last year. The vessel was originally purchased by a North Korean company, but the sale was blocked due to concerns over US sanctions against the country. Now, the ship is set to be sold to a new owner, but officials are worried about the possibility of it being used for illegal activities, such as human trafficking or smuggling. The situation is being closely monitored, and a final decision on the sale is expected soon.
US regulators are once again trying to prevent the sale of bankrupt crypto lender Voyager Digital to Binance.US, a major crypto trading platform, according to a recent Bloomberg report. Although the acquisition was approved by US Bankruptcy Judge Michael Wiles overseeing Voyager’s Chapter 11 bankruptcy proceedings, the country’s regulators oppose the sale. The Securities and Exchange Commission (SEC) lawyers claimed that parts of the deal and Voyager’s plan could violate federal law, while the New York Department of Financial Services (NYDFS) argued that Voyager had illegally operated a virtual currency business without a license. Binance is set to pay $20 million in cash to Voyager and take over crypto assets deposited by the firm’s former customers. However, despite regulatory demands, Judge Wiles intends to proceed with the sale, calling out the SEC for its reasoning behind the sale of the lending company to the crypto exchange. Voyager estimated in January that customers could recover half of what the lending company owes them under the plan.