Voyager Digital Secures $484 Million from Settlements with FTX and 3AC

Voyager Digital Secures $484 Million from Settlements with FTX and 3AC



In a landmark move emblematic of resilience and strategic navigation through financial adversities, Voyager Digital has announced the successful recuperation of $484.35 million. This financial recovery, emanating from settlements with FTX, Three Arrows Capital (3AC), and Directors and Officers (D&O) insurance, marks a pivotal chapter in the firm's bankruptcy saga. The revelation, made to the United States Bankruptcy Court for the Southern District of New York on April 10, delineates a comprehensive status update concerning the restitution and distribution of assets to the creditors post the firm's fiscal downturn.



A considerable fraction of the recouped funds, aggregating to approximately $450 million, originates from the settlement with FTX. This sum, inclusive of accrued interest, constitutes about 25% of the original claims


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#Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations, #Voyager, #VoyagerDigital

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