This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

The world’s largest crypto trading platform, Binance has agreed to purchase the bankrupt cryptocurrency company, Voyager for $1.04 billion dollars.

This agreement comes just a few months after FTX agreed to purchase Voyager for $1.4 billion dollars but failed to do so after it came to light that the company mishandled customer funds and subsequently went bankrupt themselves.

As a result of the new agreement between Binance and Voyager, creditors of the now bankrupt company are expected to receive even less money returned to them than previously expected.