The failed crypto lender, once listed on the Toronto Stock Exchange, plans to start returning assets to customers as early as this Friday and no later than June 1, according to an official committee of unsecured creditors. A bankruptcy judge approved the liquidation plan Wednesday. (The Logic, Reuters)
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The failed crypto lender, once listed on the Toronto Stock Exchange, plans to start returning assets to customers as early as this Friday and no later than June 1, according to an official committee of unsecured creditors. A bankruptcy judge approved the liquidation plan Wednesday. (The Logic, Reuters)
Talking point: The liquidation will allow customers to initially recover about 36 per cent of their crypto deposits, according to the company. That amount could increase depending on the resolution of a dispute between Voyager and fellow failed crypto firm FTX, which was set to buy Voyager’s assets until it imploded in November. Voyager’s liquidation comes after Binance.US terminated a subsequent deal to buy the bankrupt lender’s assets. Despite approval from a bankruptcy court judge, the deal faced significant scrutiny from regulators, which Binance.US cited as a reason for pulling out.
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