Voyager Digitals native token VGX/USD is up 23% in the last 24 hours thereafter Binance.US made a deal to buy the insolvent crypto lender’s assets for $1.02 billion.

What happened: At the time of writing, VGX is trading at $0.35 with a market cap of $104 million. Apex crypto bitcoin BTC/USD was traded at $16,608, up 0.19%. ether ETH/USD traded at $1,193, up 0.72% in the last 24 hours, according to Benzinga Pro.

Since Binance announced the acquisition of Voyager Digital, according to Lunar Crush, social engagement has increased by a whopping 2,247%, with total engagements reaching 5.78 million.

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The proposal by the US division of the largest cryptocurrency exchange “shows a clear path forward for Voyager customers’ funds to be unlocked and returned to them in the form of cryptocurrencies previously held in their Voyager accounts as soon as possible,” it said Binance.US official post.

Binance.US will provide Voyager with $10 million in reimbursement as a goodwill gesture and up to $15 million to cover certain costs.

Voyager submitted for Chapter 11 bankruptcy protection in July as a result of his significant approximately $650 million commitment to Three Arrows Capital.

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Disclosure: Benzinga CEO Jason Raznik is a member of the unsecured creditors’ committee in Voyager Digital’s bankruptcy case.