Voyager

The post Ftx-Voyager Settlement: Judge Gives the Green Light to $450M Deal, Spelling Relief for Voyager appeared first on Coinpedia Fintech News In a historic development, Voyager Digital has reached a crucial settlement with FTX and Alameda, resulting in the release of Voyager from a hefty $450 million repayment obligation. This monumental agreement on April 29th, sanctioned by Judge John Dorsey of the United States Bankruptcy Court for the District of Delaware, aims to settle all claims between the two…

Voyager Digital has announced the recovery of $484.35 million from settlements with FTX, Three Arrows Capital (3AC), and Directors and Officers (D&O) insurance. The announcement was part of a status update submitted to the United States Bankruptcy Court for the Southern District of New York, outlining the efforts to recover and allocate assets to creditors following the company’s financial decline. $450 Million FTX Settlement and Major Recoveries According to an April 9 filing, approximately $450 million of the reclaimed funds…

In a Monday press release, bankrupt crypto brokerage firm Voyager digital revealed which company won the bid for its assets. Per the publication, exchange platform Binance.US made the highest bid for the troubled lender’s assets. This means Binance.US will acquire Voyager’s assets for approximately $1.022 billion. Voyager Chooses "Best Deal" for Customers The Binance.US bid covers the fair market value of the lender’s crypto portfolio. Currently, the market value of Voyager’s holdings rests at about $1.002 billion. As such, Binance.US’s…

A potential agreement with FTX.US may see ex-clients of failed crypto broker Voyage Digital regain up to 72% of their frozen cryptocurrency. In the past 24 hours, news of the bankruptcy payout plan emerged via court documents.  FTX Deal Still Under Question According to the court files, Voyager’s former customers may be able to recover more than 70% of the original value of their accounts. FTX.US’s tentative acquisition of the lender’s assets could see the US-regulated exchange fully pay out…

Crypto brokerage firm Voyager Digital is set to auction off the rest of its assets on Tuesday, September 13. News of the move emerged after the platform filed a notice with the U.S. Bankruptcy Court of the Southern District of New York.  Auction to Take Place On September 13 According to the filing, the auction will hold in Manhattan at the offices of Voyager’s investment bank Moelis and Company. Afterward, on September 29, the court will conduct a hearing to…

A recent release has unveiled new updates on the ongoing lawsuit against Stephen Ehrlich, Voyager Digital CEO and founder. The suit also extends to Dallas Mavericks Governor Mark Cuban due to his promotion of the now bankrupt crypto brokerage platform.  Lawsuit Seek to Halt Suit Against Ehrlich and Cuban Over the past two weeks, both parties have engaged in a legal battle regarding their roles in Voyager’s alleged Ponzi scheme. Florida-based law firm Moskowitz filed a civil suit accusing Ehrlich…

Zac Prince – CEO of crypto lending platform BlockFi – wants people to stop comparing his company to other embattled crypto firms. He claims there is a qualitative distinction between the magnitude of BlockFi’s troubles compared to Celsius or Voyager’s. In a tweet on Monday, Prince called on journalists and commentators to quit “putting BlockFi in the same bucket” as Celsius or Voyager. "Two months ago we looked the ‘same’,” he said. “They shut down and have impending losses for…

Cryptocurrency brokerage platform Voyager Digital recently reduced its daily withdrawal limit down to $10,000. That’s a 60% drop from its previous $25,000 limit, prior to its financial problems relating to Three Arrow Capital (3AC). Voyager published its new withdrawal limit on its site in an update on Wednesday. It states that users can withdraw $10,000 within a 24-hour period, with a maximum of 20 withdrawals. The news follows Voyager’s worrying reveal that it had over $700 million in exposure to…

Voyager Digital – a cryptocurrency broker offering simultaneous access to cryptocurrencies on multiple exchanges – has run into some legal trouble. It is now facing a lawsuit alleging that it misled customers by charging hidden fees on transactions. However, Voyager said the accusations are bunk and plan to deal with the matter “through the appropriate legal channels. Lawsuit Against Voyager As reported by Bloomberg, it filed the lawsuit in federal court in Miami on Christmas Eve. It alleges that Voyager…