Voyager receives the approval of returning $ 270 million to customers, the share price increases
Voyager receives the approval of returning $ 270 million to customers, the share price increases
- A US bankruptcy court has given Voyager the approval of repaying hundreds of million dollars to its customers
- The Voyager share price rose by more than 41 % the day shortly before the IPO
The US bankruptcy court in the southern district of New York has given the bankruptcy crypto loan Voyager Digital to pay 270 million US dollars back to its customers, which raised the competitive course of the competitive company on this day.
According to a report of the Wallstreet Journal said judge Michael on Thursday Wiles, who supervised Voyager's bankruptcy proceedings, that the company had delivered a "sufficient basis" in her attempt to make its customers well again.
Customers have access to the custody account at Metropolitan Commercial Bank, on which, according to the report, more than $ 350 million are kept on behalf of the lender.
Voyager, a listed company that is listed at the Toronto Stock Exchange, has experienced a drop in the share of more than 48 % since it filed for bankruptcy on July 6th to $ 0.14.
Although the company's shares were brought to life on Thursday, judge Wiles, according to the stock exchange data, rose by more than 41 % from $ 0.14 before the final bell.
The lender reported bankruptcy in accordance with Chapter 11 last month, shortly after he had frozen account statements, for fear that customers could also demand that their funds be transferred from the platform.
"The chapter 11 process offers an efficient and fair mechanism to maximize restoration," said Stephen Ehrlich, CEO von Voyager, in a Award.
The company has also confused with the US insurance supervisory authority FDIC and the Federal Reserve Board, which accused the lender to incorrectly marketed its deposit accounts as FDIC insured.
On July 22nd, the FTX and West Realm Shires crypto exchange together offered to provide the customers of Voyager at an early stage by buying the remaining digital assets and loans from Voyager. The move offered customers the opportunity to open an account on the FTX platform and give them the opportunity to demand part of their frozen funds.
Voyager later rejected the attempts by FTX CEO Sam Bankman-Fried to buy the assets of the crypto loan, and called it a "lowball offer that is disguised as a rescue of the white knight".
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The contribution "Voyager receives approval to return $ 270 million to customers, share price is increasing" is not a financial advice.