Voyager Digital’s legal counsel has filed a plan to compensate for losses from the distribution of proceeds from the sale of the company for approval by the bankruptcy commission.
After two weeks of trading, the bankrupt crypto lender Voyager was sold for $1.4 billion to the US division of the FTX.US cryptocurrency derivatives exchange. At a Sept. 29 hearing, Voyager’s attorney told the bankruptcy judge that the crypto lender is willing to submit a repayment plan for the committee’s approval that outlines how clients will be reimbursed for lost assets.
According to the plan, Voyager customers will be able to make up for losses in cryptocurrency through FTX or in cash if the exchange does not support their assets. In the event that users do not want to switch to FTX, the crypto lender is ready to be responsible for the timely distribution of funds. However, it is not yet known whether they will be compensated in cryptocurrency or in cash.
Voyager Digital is currently in technical consultation with FTX on the procedures for implementing the refund plan. More details regarding the distribution of funds will be provided in a statement next week. A hearing to approve the damages plan is scheduled for October 19.
The Bankruptcy Court draws the attention of Voyager users that the results of the auction do not change the previously announced deadlines for filing claims for the return of crypto assets, which must be received by the commission no later than October 2.
Source: Bits
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