Voyager Digital successfully raised $484.35 million to repay debt
Voyager Digital has successfully raised $484.35 million through settlements with FTX, Three Arrows Capital (3AC), and directors and officers (DO) insurance to compensate creditors. The settlement with FTX accounts for the majority, around $450 million. The company had filed for bankruptcy protection in July 2022.In addition, Voyager has received approximately $675 million in claims from its lawsuit with Three Arrows Capital, of which $20.43 million has been allocated to Voyager.Apart from these settlements, Voyager is also facing operational obstacles, including a large number of uncashed checks. The deadline is set for April 20th.Voyager is still dealing with the issue of data leaks and conducting an investigation to determine the origin and impact of the leak.Finally, according to a restructuring plan, Voyager customers will initially recover 35.7% of their claims, with a portion provided in the form of cryptocurrency or cash.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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