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  2. Voyager filed for Chapter 11 bankruptcy protection in July after a tumultuous drop in digital currency prices left it unable to redeem withdrawals from its customers.
    www.cnbc.com/2022/09/27/bankrupt-crypto-lender …
    Voyager currently holds about $1.3 billion of crypto assets. Under the terms of the Chapter 11 reorganization plan, customers will receive a combination of crypto and equity in return for their existing holdings. Customers will be able to select the proportion of crypto and common equity they receive.
    investorplace.com/2022/07/update-what-the-voyag…
    Voyager commenced bankruptcy proceedings in the U.S. Bankruptcy Court for the Southern District of New York on Tuesday, according to a filing from the company. The filing lists assets of between $1 billion and $10 billion, and liabilities in the same range.
    www.cnbc.com/2022/07/06/crypto-firm-voyager-dig…
     
  3. People also ask
    Will Voyager digital recover 35% of cryptocurrency deposits?Our Standards: The Thomson Reuters Trust Principles. Crypto lender Voyager Digital said Wednesday that customers will soon recover about 35% of their cryptocurrency deposits as the company winds down operations after a failed buyout attempt by crypto exchange Binance.US.
    Did Voyager digital go bankrupt?Voyager Digital was a crypto lending firm that has went bankrupt in 2022. Image: Shutterstock. The U.S. Bankruptcy Court in New York has given crypto brokerage Voyager Digital approval from the U.S. Bankruptcy Court to return $270 million to affected customers, the Wall Street Journal reports.
    How much will Voyager recover from a bankruptcy?According to the filing, Voyager’s customers will receive an initial recovery of 36% of their crypto holdings – an abysmally low recovery rate compared to both estimates of their recovery rate of 72-73% if either of the acquisition plans were successful, as well as recovery estimates for creditors of other bankrupt crypto platforms.
    Will Voyager permanently ban cryptocurrencies?The U.S. Federal Trade Commission said it reached a settlement with bankrupt crypto company Voyager that will permanently ban it from handling consumers' assets.
    Why did Voyager file bankruptcy?When the crypto lender announced it would pursue Chapter 11 bankruptcy, it blamed the filing on the downfall of crypto hedge fund Three Arrows Capital (3AC). Voyager had lent 3AC $650 million before the hedge fund announced it was insolvent.
    Will Voyager customers recover after FTX bankruptcy?Voyager customers' recovery hopes depend largely on the outcome of litigation with FTX, which is seeking to claw back $445.8 million in loan repayments made to Voyager before FTX collapsed into bankruptcy. If Voyager fully prevails in the FTX litigation, customers' expected recovery would rise to 63.74%, according to Voyager's court filings.
     
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    WebBy Jonathan Randles. May 17, 2023 at 12:12 PM PDT. This article is for subscribers only. Failed cryptocurrency brokerage Voyager Digital Holdings Inc. won court approval to begin winding down...

  14. Binance.US Agrees to Buy Voyager's Assets for …

    WebDec 19, 2022 · Voyager Digital, the bankrupt crypto lender, said Binance.US has agreed to buy its assets for $1.022 billion, the firm said on Monday. The bid represents the fair market value of...

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