American crypto bookie Binance terminated its agreement to buy Voyager Digital Holdings Ltd. which is in the midst of bankruptcy. Binance US initially intended to acquire Voyager by pouring in around 1 billion US dollars. Not only that, Binance also promised to pay the company's debts to creditors with a total of 20 million US dollars. However, a week after these plans were published, Binance US notified Voyager that the transaction was canceled on Tuesday (25/4/2023). The letter released by Binance did not explain the reasons for canceling the acquisition, but this cancellation occurred due to intervention from the US Government. US authorities are concerned that this acquisition will potentially violate digital asset laws that have been enacted by the US government. This pressure then made Binance cancel the acquisition unilaterally. In response to this cancellation, Voyager said they were disappointed, but the company promised to continue to maintain their Chapter 11 Plan in order to move more quickly to return investors' assets through the direct distribution method. Furthermore, before Binance canceled the acquisition, Voyager had declared bankruptcy because it failed to make debt payments (default) to a Singapore-based crypto hedge fund company, namely Three Arrows Capital (3AC). In addition to defaults, Voyager revealed that it still owed more than 100,000 creditors, totaling about US$1 billion, as well as arrears in aggregate deposits to crypto exchanges worth US$121 million. Voyager has used various ways to be able to return funds to its customers, one of which is by selling off US$12.2 million worth of Shiba Inu (SHIB) and Ether (ETH), which are stored in its crypto wallet. Voyager also had asked for legal assistance from the well-known financial companies Moelis & Company and The Consello Group, but this method was apparently not sufficient to make Voyager rise and cover all of Voyager's debts to its partners.