According to MarsBit news, a federal judge suspended Voyager's efforts to sell its assets to Binance.US in response to the US government's emergency stay application. Magistrate Judge Jennifer Rearden of the U.S. District Court for the Southern District of New York granted the Justice Department's application to stay the sale appeal, which had previously been granted by a bankruptcy judge. The move will put the sale on hold until the appeal itself can pass through the U.S. court system. "The government's emergency motion is hereby granted after considering the written submissions of the parties, as well as the meetings and oral arguments held on the matter," the ruling said. "
Another judge, Bankruptcy Judge Michael Wiles of the Southern New York Bankruptcy Court, earlier this month approved the sale over objections from government agencies. In the judge's view, agencies such as the SEC and the U.S. Trustee's Office failed to make a compelling case for delaying the sale, saying he was tasked with expediting the bankruptcy process to ensure Voyager creditors got their money back as soon as possible. Voyager filed for Chapter 11 bankruptcy last July.
