🗞️ Failed cryptocurrency brokerage #VoyagerDigital Holdings Inc. won court approval to begin winding down its operations and start repaying customers a portion of their crypto that’s been held on its platform since last year.

Voyager's liquidation process begins as early as May 19, and customers can receive their initial compensation starting June 1.

Source: #Bloomberg

#crypto2023 #feedfeverchallenge #dyor

💼 Crypto analyst Tom Wan from 21Shares reveals insights! 📊🔍 Voyager Digital, the crypto lending platform, reportedly received $51M USDC in 30 days via a specific address, per Dune Analytics. 📈 Address sold $17.5M BTC, $12.9M ETH, $8M SHIB, and $2M altcoins (BAT, SAND, MANA, APE). 🛍️ Voyager's withdrawal restoration and asset refund process in progress after resuming withdrawals and addressing bankruptcy. 💸🚀 #CryptoInsights #VoyagerDigital #BitcoinWorld

Legal firms specializing in bankruptcies have earned over $700 million since last year from the collapse of FTX, Celsius Network, Voyager Digital, BlockFi, and Genesis Global.

FTX pays the most for such services. Among the largest beneficiaries are Alvarez & Marsal and Sullivan & Cromwell. Both firms are handling FTX's bankruptcy, among other cases.

The first firm received over $126 million for their work, while the second demanded $111 million.

#Bankruptcies #FTX #CelsiusNetwork #VoyagerDigital #BlockFi

Voyager Digital Holdings Inc. is preparing to reopen its app as soon as next week allowing crypto investors to withdraw their funds.

#VoyagerDigital #crypto2023 #Cryptonewsdaily

Voyager Digital just announced a major win, recovering a staggering $484.35 million in settlements with FTX, Three Arrows Capital (3AC), and D&O insurance. The highlight? A whopping $450 million from the FTX deal alone, marking a significant step in the company's recovery journey. This windfall, constituting about 25% of creditors' original claims, promises relief to creditors and marks a pivotal moment in Voyager's comeback story. But it's not just about the numbers; Voyager is pushing forward, tackling operational hurdles head-on, like addressing uncashed checks and navigating the aftermath of the FTX data breach. Stay tuned for more updates on Voyager's remarkable turnaround! #VoyagerDigital #FinancialRecovery

💰💱 Voyager Digital, the cryptocurrency lending platform that recently emerged from bankruptcy, has reportedly made significant transactions. As revealed by Peckshield, a total of $9.4 million worth of various cryptocurrencies have been sent to Coinbase. This encompasses 3,000 ETH, 20 billion SHIB, 2.3 million MANA, 9.32 million SAND, 1.35 million APE, and 1 million BAT. In the past 24 hours, the address also withdrew 21 million USDC from Coinbase. Interestingly, 200 BTC were sent to an external address, with 10.3 BTC deposited into Binance. These moves indicate active engagement with multiple assets and exchanges by Voyager Digital. 💰💱 #VoyagerDigital #CryptocurrencyTransfers #ActiveEngagement

📊🚀 Spot On Chain, the on-chain data analysis platform, reveals impressive Voyager Digital activity! In just 8 hours, the company purportedly sold $8.43 million worth of crypto assets. Notably, Voyager recently deposited 1,500 ETH (valued at $2.77 million) and 25 billion SHIB (equivalent to $2.72 million) on Coinbase, simultaneously receiving 8.85 million USDC from the exchange. This follows reports from February and March 2023, suggesting Voyager sold a significant chunk of its crypto holdings for $587 million. 📈📉 #VoyagerDigital #CryptoSales #OnChainAnalysis #BitcoinWorld

Bankrupt crypto lender Voyager Digital announced that customers will soon be able to recover approximately 35% of their cryptocurrency deposits. It is expected that withdrawals will be possible by June 1st.

#VoyagerDigital #crypto #crypto2023 #cryptonews

**Former Voyager Digital CEO Responds to Indictment:** Stephen Ehrlich, former CEO of cryptocurrency lending platform Voyager Digital (VGX), has responded to the government's indictment, stating it's an attempt to make him a scapegoat for investor harms and expressing disappointment over the government's actions. Ehrlich also mentioned their investigation into the indictment. He expressed sincere apologies for losses incurred by Voyager's customers and creditors due to misconduct by others in the cryptocurrency industry. 🏦📉 #Crypto #VoyagerDigital #Indictment

💰🔄 Voyager Digital, the revived crypto lending platform post-bankruptcy, reportedly deposits around 1,500 ETH ($2.77M) and 25 billion SHIB ($2.7M) onto Coinbase via AmberCN. The firm aims to consolidate tokens into its primary wallet. 💼 Withdrawals halted, Voyager Capital now transitions to selling crypto holdings and USD payouts for users. Blockchain analysis by Arkham Intelligence indicates $81.63M in assets, set for sale within days. 📈🔍 #VoyagerDigital #CryptoAssets #Consolidation #CryptoUpdates