The Court Allowed Voyager Digital To Return $270 Million To Clients

The Court Allowed Voyager Digital To Return $270 Million To Clients

The Court Allowed Voyager Digital To Return $270 Million To Clients

The US Bankruptcy Court has approved Voyager Digital’s proposal to unfreeze a crypto broker’s deposit with Metropolitan Commercial Bank to return funds to customers. The account contains $270 million, writes The Wall Street Journal.

Digital assets on the Voyager platform worth ~$1.3 billion were included in the bankruptcy estate. It will be distributed among creditors in the future.

According to Cointelegraph, the crypto broker received a “rescue” offer from 88 interested parties, including FTX, which the company rejected. Active discussions are underway with 20 of them.

Takeover applications are accepted until August 26th. The management of the crypto-broker intends to decide on a partner in September to complete the restructuring process in the first quarter of 2023.

Data: Voyager Digital, Cointelegraph.

Share this post

Leave a Reply

Your email address will not be published.