Binance.us, the U.S. subsidiary of crypto giant Binance, has canceled its $1.3 billion deal to acquire the assets of bankrupt cryptocurrency lender Voyager Digital (Voyager), citing a "hostile and uncertain regulatory environment."

In a court filing on Tuesday, Voyager's lawyers said the company retained all rights related to the $10 million good faith bond Binance.US paid Voyager and the penalty fee Binance.US was due to pay for the breach.

A spokesperson for Binance.US said ina statement: "The regulatory environment in the United States is hostile and uncertain, creating an unpredictable environment for doing business that has impacted the entire American business community. We are focused on creating a secure platform where our customers can participate in the digital asset economy."

The move deals another blow to bankrupt Voyager. Voyager has been looking to raise money through asset sales to repay creditors. The company initially agreed to sell its assets to digital asset trading giant FTX, but the deal fell apart when FTX went bankrupt in November.

Binance.US then stepped in, but the deal was halted due to opposition from regulators. Last month, a federal judge suspended Voyager's plans to complete the proposed deal to give the U.S. government more time to respond to the challenge.

Voyager said that after Binance.US suspended the asset purchase agreement, it will continue to return cryptocurrency and cash directly to its customers through the Voyager platform.