Voyager has received approval to start repaying the accounts of frozen customers

Voyager has received approval to start repaying the accounts of frozen customers
The bankruptcy rotting crypto credit platform Voyager Digital received judicial approval on Wednesday with the repayment of the long-term money of its customers.
So far, customers have only guaranteed that they will receive 36 % of the amount they are entitled to.
- The approval for the initiation of the liquidation procedure is more than 10 months after Voyageur solidified 2022, shortly after the dissolved hedge fund Three Arrows Capital (3AC) had registered bankruptcy.
- as reported according to Bloomberg said judge Michael Wiles that "nobody was satisfied with the customer Insolvency proceedings and the result were dissatisfied. The frequent criticisms included the costs of bankruptcy, the amount paid to the lawyers, the supervision of the case and the partial income that the creditors would receive.
- Nevertheless, Wiles pointed out that this was her only option, since Voyager simply lacked the remedies to repay the full amount.
- "Review is 20/20-I am sure that everyone wishes something better," said Wiles. "We are where we are, we are trying to make the best of where we are."
- The misfortune of the Voyager lasted for a long time Submission in July. His original plan to hit A Buyout deal with FTX failed when the crypto exchange imploded in November. Later, Voyager's creditors requested that FTX executives receive information about the plan to take over the company and examined whether it was a reasonable offer or just a advertising work.
- The 1 billion dollar-Buyout deal from Voyager with Binance Us also failed last month, with the reason that there was an "hostile and uncertain regulatory climate" in the United States.
- According to a court file on May 5, the lender currently has only $ 630 million for reimbursement of customer claims of $ 1.8 billion. His investments could increase if a pending dispute with FTX proves to be successful.
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