FTX Debtors Reach $450 Million Settlement with Bankruptcy Firm Voyager Digital
After a judge's approval of the bankruptcy, FTX's debtors have reached a $450 million settlement with the company Voyager Digital. In an April 29 filing with the U.S. Bankruptcy Court in Delaware, Judge John Dorsey approved the terms of the agreement between FTX and Voyager, allowing Voyager to settle all representations with FTX as part of a plan to compensate creditors. Upon approval, the parties will agree to return to the company's debtors $5 million held in escrow by Voyager and an additional $445 million from Alameda Research in connection with the loan litigation, with FTX "waiving" all rights to those funds.
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