Voyager Secures $450 Million Settlement in Bankruptcy Case
A Delaware bankruptcy judge John Dorsey finally agreed to a $450 million settlement between now defunct crypto exchange FTX and the now bankrupt crypto brokerage Voyager Digital. This filling was passed on Monday 29 of April.
Voyager’s creditors will stand to gain from this repayment. It is one among several settlements that the company has been able to make since it filed for bankruptcy in July 2022.
The contract will enable Voyager to obtain a $4.5 million from the escrow fund and the remaining $445 million from the lawsuit against Alameda Research, which is associated with FTX’s crypto trading company. In this manner FTX terminates both the rights to the funds and personal claim to the funds.
The company is also suing other organizations, such as the corporation’s Three Arrows Capital, for fraud.Voyager has suggested the following plan that involves the repayment of its clients 100% of their assets minus the amount owed to the company.
