Voyager Digital secured $484.35M for creditors post-bankruptcy. Settlements with FTX, 3AC, and D&O insurance were achieved. Operational challenges remain, including uncashed checks and an ongoing data breach investigation.
Voyager Digital has made significant strides in compensating creditors post-bankruptcy, securing $484.35 million through settlements with FTX, Three Arrows Capital , and Directors and Officers insurance claims. This marks a significant milestone in the company’s financial recovery and creditor reimbursement efforts.
Voyager Digital has made substantial progress in compensating creditors post-bankruptcy, securing $484.35 million through settlements with FTX, Three Arrows Capital , and claims against Directors and Officers insurance.
In addition to the FTX agreement, Voyager has obtained a claim of approximately $675 million from the ongoing litigation with Three Arrows Capital. Of this amount, $20.43 million represents Voyager’s proportionate share of the initial distribution from Three Arrows Capital. The administrator expects additional payments to be disbursed in the coming years as assets are sold off and further litigation settlements are secured. A settlement reached through D&O insurance mediation will also allocate at least $14.35 million to benefit Voyager’s creditors.As Voyager progresses in its financial recovery journey, the company faces operational hurdles, including a significant number of uncashed checks.
Voyager has set a deadline of April 20, after which these uncashed checks will be voided if not claimed.. An ongoing investigation, supported by specialized external experts, is being conducted to identify the origin and complete consequences of the breach, which resulted in the compromise of creditor data.
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