Voyager Digital, the crypto lender is now declared Bankrupt. The main reason behind is the failed buyout by Binance U.S. But soon, the customers will recover 35% of their cryptocurrency.
Michael Wiles, the U.S. Bankruptcy Judge approved Voyagers liquidation plan during the court hearing in Manhattan. The judge also added that under Chapter 11 Bankruptcy Code, the company is allowed to return the assets but the reorganization efforts would be restricted.
Voyager Digital Announces further payments depending on future litigation
Binance U.S. came up with an offer of $1.3 billion but later called the deal off. The reason cited is a hostile and uncertain regulatory climate. Voyager Digital reportedly owed about $75 million to Alameda Resear…
Read the full article at: https://www.thecoinrepublic.com/2023/05/18/voyager-digital-declares-bankruptcy-35-customer-payout-soon/