简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Voyager filed for Chapter 11 bankruptcy on July 4. On September 28, FTX US won a bid to acquire the company's digital assets.
According to court documents from this week, clients of the bankrupt crypto lender, Voyager Digital might have a chance to recover some of their funds. Under a preliminary deal with FTX US, a cryptocurrency exchange regulated in the United States, customers may be able to obtain over 70% of their accounts' initial value.
Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments.
However, the preliminary deal would not be finalized until Voyager's creditors express their approval, Michal Wiles, the United States bankruptcy judge, said during a court hearing. “There's no part of this agreement that survives” if the tentative sale falls.
According to current arrangements, FTX US would pay out all priority claims in full, allowing the rest of the customers to recover more than 70% of their holdings. The value of accounts maintained by the bankrupt crypto lender has been frozen since July 1.
The problems of Voyager began four months ago when, due to liquidity issues, it was forced to file for Chapter 11 bankruptcy on July 4. The bankruptcy followed the earlier default of Three Arrows capital, a cryptocurrency hedge fund.
Although FTX US won a bid to acquire Voyager Digital's crypto assets, the deal valued at $1.4 billion is still in the preliminary phase. Thanks to a clause named “fiduciary out,” Voyager still has a chance to cancel current agreements if any company other than FTX would present an offering with a better outcome for current creditors. It is often practiced in such cases and allows firms to look for higher bidders before the finalization of the sale.
However, if the deal is finalized as it currently stands, then Voyager customers will be able to transfer to the FTX US platform. New York-Based bankrupt crypto lender had over 3.5 million users (according to March 2021 data) and 1.19 million funded accounts.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Three Filipinos rescued from forced scam operations in Cambodia, after being deceived into working there under false promises of high salary.
Acuity Trading and interop.io have joined forces to streamline financial data integration, enabling traders, brokers, and institutions to access real-time market intelligence without disrupting their existing systems. This partnership represents a significant step forward in addressing one of the financial industry’s most persistent challenges—integrating vast amounts of market data from diverse sources.
A woman falls victim to a scam where impersonators claimed to be officers from the Anti-Scam Centre, stealing $1.2 million over two months.
In recent years, the forex market has become a popular choice for global investors due to its high liquidity and 24-hour trading advantages. However, according to the recently concluded WikiFX "3·15 Forex Rights Protection Day " event, we received over 6,000 pieces of evidence exposing rights violations within a short period. This reflects that, although the forex industry is becoming more regulated, fraudulent platforms continue to emerge, causing significant suffering for many victims.