The bankrupt cryptocurrency broker, Voyager Digital, has revealed a $1.33 billion recovery plan

The bankrupt cryptocurrency broker, Voyager Digital, has revealed a $1.33 billion recovery plan



Voyager Digital, a crypto broker that filed for bankruptcy in July 2022, has unveiled a recovery plan that involves selling off its assets and using the proceeds to pay back its creditors. The total value of the assets for recovery was estimated to be $1.33 billion.



The recovery plan includes $141 million in stablecoin, $90 million in Ethereum, $9 million in Voyager Token, $28 million in meme coin Shiba Inu, and $60 million in other altcoins, with approximately $569 million in cash via the USDC issuer Circle. However, the remaining balance of $461 million is expected to come from a combination of cash, Bitcoin, and other coins.



A bankruptcy court must approve this decision. The crypto community receives the recovery plan positively, and the affected users are hopeful for reimbursement.



Meanwhile, Binance.US has terminated an


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#Altcoin, #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations, #Voyager, #VoyagerDigital

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