A transfer by Binance.US to accumulate belongings belonging to the bankrupt crypto lending agency Voyager Digital has been favored by 97% of Voyager’s prospects.

A Feb. 28 court docket filing exhibits an awesome majority of Voyager Digital account holders are in favor of the buyout from the United States-based arm of the crypto trade Binance.

Chapter administration agency Stretto performed the balloting of Voyager prospects, polling 61,300 account holders with claims towards the embattled crypto lender.

Of that complete, 59,183 voted in favor of the Binance.US restructuring plan, with simply 3%, or 2,117 voters, rejecting it.

The voters had been divided into 4 lessons, together with account holder claims and three classes of these with “basic unsecured claims.” The latter teams additionally voted in favor of the proposal.

In December, Binance.US disclosed an settlement to purchase Voyager’s belongings for $1.02 billion. In line with the press launch on the time, the Binance.US bid “goals to return crypto to prospects in variety, in accordance with court-approved disbursements and platform capabilities.”

Nonetheless, there was loads of pushback and quite a few objections to the proposal by the American division of the world’s largest crypto trade.

The Texas State Securities Board and the state’s Division of Bankingobjected, claiming the restructuring plan incorporates “insufficient” disclosures. A few of these included not informing unsecured collectors that they could solely get 24% to 26% restoration somewhat than the 51% they’d obtain below Chapter 7 chapter.