The #Voyager/#DOJ/#SEC hearing is underway. Due to the nature of this hearing, where much of the information being argued is similar to that of previous hearings, there may be fewer updates here just to avoid redundancy. We'll keep you posted on substantial remarks. Thanks. 🫡
#Voyager rep argues: If the stay is granted, and it is estimated that $10 mil in recovery would be lost per month with the Toggle option, how is that "protecting customers", as the government states that which they are trying to do.
Evans from @VoyagerUCC: Mentions how customers are retail individuals, they are suffering, and how the government is trying to stop $1b going back to those who desperately need it. Says it makes no sense, because types of fraud & tax avoidance are not included in exculpations.
Govt rep: Bankruptcy court does not have the power to bar the government from criminal prosecution. That's just not how the law works.
Judge: How did you go all the way from July to February without having these issues?
Govt rep: We have to pick and choose our battles.
... 🤨
Judge: How did you go all the way from July to February without having these issues?
Govt rep: We have to pick and choose our battles.
... 🤨
Govt rep: Asks for a 2 week extension on the stay beyond the current deadline of 3/24 @ 3:00pm EST.
#Voyager: Objects, citing #Binance's ability to pull out, and potential drastic market movements.
Judge says they will adjourn for the day so she has time to come to a decision.
#Voyager: Objects, citing #Binance's ability to pull out, and potential drastic market movements.
Judge says they will adjourn for the day so she has time to come to a decision.
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