The U.S. Bankruptcy Court approved the sale and purchase agreement for Voyager Digital to FTX.US, as well as the preliminary compensation plan submitted by the crypto lender.
The Voyager bankruptcy case is entering the phase of coordinating the decision of the judiciary with the creditor community. If the court’s proposed option is approved, it will move the majority of Voyager customers to FTX accounts. In doing so, they can expect to get back up to 72% of their crypto assets that they owned before Voyager filed for bankruptcy.
Judge Michael Wiles noted that the court’s decision will not take effect and the sale will not become final until it is approved by the creditors as part of the bankruptcy plan. Voyager urged creditors to approve the court’s proposal:
“Because the plan, which includes the sale of Voyager to FTX.US, maximizes creditor recovery, we encourage all customers to vote in favor of it.”
All creditors will be provided with personal information detailing how and in what order voting will take place. The voting procedure itself will last until November 29.
Earlier it became known that the Alameda Research company will return to the cryptocurrency lender Voyager Digital, which is in the process of bankruptcy, more than $200 million borrowed in September 2021.
Source: Bits
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