Customer Support: A Resounding ‘Yes’

In a surprising show of hands, or should we say votes, 97% of Voyager Digital’s account holders are cheering for Binance.US to swoop in and rescue their assets from the grips of bankruptcy. According to a court filing dated February 28, a whopping 59,183 out of 61,300 customers expressed their admiration for Binance’s restructuring plan. That’s more support than avocado toast gets at a hipster café!

The Math Behind the Votes

Let’s break down the numbers. Out of the total surveyed, only 3% – a mere 2,117 voters – raised a skeptical eyebrow and turned thumbs down on the proposal. The voting was split into four distinct classes, highlighting not just account holder claims but also groups with general unsecured claims. Spoiler alert: they also favored the plan!

What’s at Stake?

Back in December, Binance.US made headlines with a jaw-dropping bid of $1.02 billion to acquire Voyager’s assets. The mission? To return crypto to customers, matching the court-approved disbursements with platform capabilities. It’s like finding a way to retrieve that forgotten sandwich from the back of the fridge – a little unorthodox, but it could work.

Pushback and Prickly Opposition

It’s not all sunshine and rainbows, though. Despite the overwhelming customer support, several regulatory authorities have thrown a wrench in the gears. The Texas State Securities Board and the state’s Department of Banking have objected, asserting that the restructuring plan is, well, a little light on details. Apparently, not telling unsecured creditors they may only get a fraction of their hope for recovery isn’t what we’d call best practices.

Regulatory Woes: The SEC and FTC Step In

As if that weren’t enough, the U.S. Securities and Exchange Commission chimed in with their own red flag, suggesting the acquisition could potentially violate securities law. Meanwhile, on February 22, the Federal Trade Commission decided to roll out the red carpet for an investigation into Voyager Digital’s marketing practices, calling them “deceptive and unfair.” Looks like Voyager is getting more scrutiny than a reality TV star.

In Conclusion: The Future of Voyager Customers

With a steadfast majority backing the Binance.US acquisition yet regulatory bodies pushing against it, the fate of Voyager’s customers hangs in the balance. Will they recover their assets, or is it all just a hopeful dream? Only time will tell in this crypto soap opera.