Voyager Official Committee of Unsecured Collectors (UCC) has introduced that the courtroom has authorized the agency’s liquidation procedures.
A glimmer of hope for Voyager victims
Voyager Digital, one of many quite a few crypto companies that went bankrupt because of the Three Arrows Capital (3AC) contagion and market turmoil of 2022, has reached an essential milestone in its chapter proceedings.
Per a tweet by the Voyager Official Committee of Unsecured Collectors (UCC) through the late hours of Might 17, the chapter decide accountable for its case has authorized the bankrupt crypto lender’s buyer reimbursement calculation plan.
With the approval, Voyager customers will obtain about 35% of their crypto deposits on the platform from June 1, 2023. The committee has hinted that further updates can be launched as they change into obtainable.
In April, Binance.US, the United States-based subsidiary of the world’s largest crypto change, backed out of a $1 billion deal to amass the property of the bankrupt Voyager Digital, citing regulatory uncertainties within the nation.
Voyager collectors rising impatient
The collapse of the takeover deal between Binance and Voyager has positively made issues worse for the embattled crypto dealer, and the agency’s promise to make its collectors entire looks as if an arduous activity in the meanwhile.
Voyager’s newest announcement has attracted blended reactions on social media, with affected customers already voicing their displeasure over the debacle.
On the time of writing, Voyager’s native VGX token is exchanging arms for $0.151963, representing a rise of 1.0% within the final 24 hours.
Nonetheless, on trying on the bigger image, VGX is down by over 98% from its all-time excessive of $12.47 reached in 2018. The token has a 24-hour buying and selling quantity of $8,697,002, with a market cap rank of 459, in keeping with CoinGecko.