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Voyager crypto customers may recover 72% from bankruptcy sale

2022/10/20 06:34

According to Bloomberg, customers of bankrupt crypto lender Voyager Digital Ltd. may recover about 72% of the value of their accounts under a tentative deal for the company to sell itself to FTX US. Under the arrangement approved by US Bankruptcy Judge Michael E. Wiles on Wednesday, the company can cancel its deal should it get a higher offer that pays customers more. The sale can’t close until Wiles approves Voyager’s bankruptcy payout plan, which the Manhattan-based judge may consider in December.
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