Voyager Digital Achieves Landmark $484 Million Recovery Milestone
Thursday, 11 April 2024, 10:00
Voyager Digital Secure $484M for Creditor Repayment
Voyager Digital, previously in bankruptcy, has achieved a pivotal milestone in its recovery efforts. The company has secured $484 million, predominantly from FTX, marking significant progress in compensating creditors.
Voyager Navigates Recovery Plans
- The $484 million includes settlements with FTX, D&O Insurance, and Three Arrows Capital.
- Plans are in place to expedite disbursement of funds towards creditor repayment.
Operational Challenges and Security Concerns
- Voyager reports significant unclaimed funds, including 270,000 uncashed checks totaling $17 million.
- A data breach during the bankruptcy process exposed customer information, highlighting security vulnerabilities.
Voyager's recovery journey showcases resilience amid regulatory scrutiny and operational hurdles.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.