Binance's acquisition of Voyager's assets follows CoinDesk's story last month.
Binance stated Voyager Digital. US will buy its assets for $1.022 billion, the corporation announced Monday.
The bid represents Voyager's cryptocurrency portfolio's fair market value.
which has a market value of $1.002 billion and $20 million in incremental value.
Last month, Binance CEO Changpeng "CZ" Zhao stated the exchange's U.S. arm will bid again for Voyager Digital.
CoinDesk reported that Binance was considering an offer for the bankrupt crypto lender's assets.
Binance. US will deposit $10 million in good faith and reimburse Voyager up to $15 million.