Texas has filed a motion to prevent FTX’s purchase of Voyager Digital assets on the basis that the company isn’t compliant with securities and other laws.
Texas seeks to prevent FTX’s purchase of Voyager Digital assets due to the exchange’s alleged violation of Texas state financial laws.
“FTX US should not be permitted to purchase the assets of the debtor unless or until the Securities Commissioner has an opportunity to determine whether FTX US is complying with the law and related and/or affiliated companies, including companies commonly controlled by the same management, are complying with the law,” according to a new filing made Friday.
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