Voyager Customers Could Get 72% if Bankruptcy Sale Succeeds

Bankrupt crypto lender Voyager may repay customers 72% of their accounts’ value if the company can sell itself to digital-asset exchange FTX US.

FTX US was able to secure a two-week-long auction for Voyager under a deal connected to court approval of the creditor payment plan, according to lawyers.
However, Voyager can choose to cancel the deal if they are able to get a higher deal that will pay its customers more. US Bankruptcy Judge Michael E. Wiles approved this agreement on Wednesday.
Wiles has also urged Voyager to a “fiduciary out,” which is a standard bankruptcy clause. It allows companies …

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