Lawyers for Voyager told a court that the company reserves all rights to the $10 million good-faith deposit paid by Binance|Satheesh Sankaran|CC BY 2.0

Citing a hostile climate, Binance called off its $1.3 billion deal to buy assets of bankrupt crypto lender Voyager Digital.

Lawyers for Voyager told a court on Tuesday that the company reserves all rights with respect to a $10 million good-faith deposit paid to Voyager, as well as a reverse-termination fee owed by Binance.

Voyager has been looking to raise funds via asset sales to repay customers since its collapse into bankruptcy last year.

Its effort to sell its assets through FTX fell apart when Sam Bankman-Fried’s firm collapsed in November.

Then, the entry of Binance was pulled back by regulatory opposition. In March, a federal court temporarily stopped Voyager from clinching the deal.