What did the Court approve?

As part of a multi-step process, the Court approved Voyager’s entry into the asset purchase agreement with Binance.US. This bid is valued at approximately $1.022 billion and is comprised of (i) the fair market value of Voyager's cryptocurrency portfolio at a to-be-determined date in the future, which at current market prices as of December 19, 2022 is estimated to be $1.002 billion, plus (ii) additional consideration equal to $20 million of incremental value. Voyager’s claims against Three Arrows Capital remain with the bankruptcy estate, and any future recovery on these and other non-released claims will be distributed to creditors.