News Explorer — Bankrupt Crypto Lender Voyager Says Customers May Recover 35% of Deposits

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May 17, 5:50 pm

Reuters

Bankrupt Crypto Lender Voyager Says Customers May Recover 35% of Deposits

Voyager Digital, a crypto lender, has announced that customers will receive 35% of their cryptocurrency deposits as the company winds down its operations. A U.S. Bankruptcy Judge approved the proposed liquidation plan, allowing the company to return $1.33 billion in crypto assets to customers. Litigation with FTX could potentially increase the expected recovery to 63.74%. Customers will be repaid with the same type of cryptocurrency they had in their accounts, or with USDC if the cryptocurrency is unsupported.

Voyager Digital, a crypto lender, has announced that customers will receive 35% of their cryptocurrency deposits as the company winds down its operations. A U.S. Bankruptcy Judge approved the proposed liquidation plan, allowing the company to return $1.33 billion in crypto assets to customers. Litigation with FTX could potentially increase the expected recovery to 63.74%. Customers will be repaid with the same type of cryptocurrency they had in their accounts, or with USDC if the cryptocurrency is unsupported.

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