Voyager enables customer withdrawals this month
As a relief for Voyager Digital's customers, the cryptocurrency broker reports for the reopening of his app, which will enable the lifting of your money. The development takes place almost a year after the bankruptcy registration according to Chapter 11.
According to a court file dated June 14, Voyager's insolvency plan administrator, Paul Hage, said that the Voyager app around June 15 would be updated to enable the forms and amounts to be displayed. The expected cancellation period will be between June 20 and July 5th.
according to the bankruptcy plan approved in court on May 17, Voyager customers initially receive 35.72 % of their debts.
Hage also referred to the $ 445 million, which the failed trade branch of the FTX, Alameda Research, tried to reclaim digitally from Voyager.
This amount could be made available to the creditors until there is a final solution to Alameda Research's preferential claim against the lender. However, a solution can be expected in mid -September 2023 at the earliest.
The insolvency plan administrator also found that the bankruptcy rotting crypto hedge funds Arrows Capital (3AC) Voyager still owes $ 650 million, which makes the lender one of his greatest creditors.
The main focus will be relocated to the recovery of additional assets, which can be distributed to the creditors, among other things, through legal disputes and financial sales as soon as the first distribution is completed, Hage claimed in the court file.
since the bankruptcy last July, Voyager had experienced two failed takeover. First FTX by Sam Bankman-Fried, who collapsed himself, followed by the US subsidiary of Binance, which withdraws from the 1 billion dollar deal due to the increasing regulatory control in the country.
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