Voyager receives “more attractive” buyback present from FTX, will return $ 270 million to shoppers
Cryptocurrency loan provider Voyager Digital says it has acquired various repurchase features at greater charges and improved terms than FTX has performed in th...
Cryptocurrency loan provider Voyager Digital says it has acquired various repurchase features at greater charges and improved terms than FTX has performed in the previous.
In its Aug. four presentation, Voyager stated it had acquired information from 88 stakeholders making an attempt to conserve the corporation from its fiscal woes, as effectively as good discussions with additional than twenty prospective stakeholders.
This seems to have opened a “new gate” for Voyager, which is locked in a rather difficult romantic relationship with the FTX exchange and the Alameda Research fund.
In July 2022, FTX proposed to buy all of Voyager’s assets and exceptional debt except Three Arrows Capital’s default loan of up to $ one billion when the fund was deemed to be “defaulting on debt.” “in excess of $ 662 million, soon after which FTX will liquidate assets and distribute money in USD through the FTX.US exchange.
However, Voyager turned down this present on the grounds that FTX did not maximize worth for the company’s shoppers. In addition, Voyager announced that it has also individually sent Alameda and FTX a letter of termination and desistance pertaining to inaccurate public statements, confirming that organizations led by CEO Sam Bankman-Fried are at this time not out there “opportunities” to participate in a acquisition than a lot of other traders.
However, the information comes at the identical time as US Bankruptcy Court Judge Michael Wiles permitted Voyager to return $ 270 million in consumer money held at the Metropolitan Commercial Bank (MCB).
– db (@ tier10k) August 4, 2022
Voyager had funds held in a financial institution account when the corporation filed for bankruptcy on July five. Those money have been frozen when bankruptcy proceedings started. Voyager’s debt quantities to practically $ ten billion from somewhere around one hundred,000 creditors.
Synthetic currency 68
Maybe you are interested:
More From Crypto News
Bitcoin Nears $86,000, Erasing $86B U.S. Spot ETF Paper Loss
Bitcoin climbed to $85,851 on September 21, 2026, up 5. 57% in 24 hours, pushing the price within striking distance of $86,000, a threshold that, according to u...
Balancer Recovers 296.4 ETH from V1 Exploit; LP Plan Unclear
Balancer has recovered 296. 4 ETH linked to an exploit of its V1 protocol, but the path to compensating affected liquidity providers remains undefined, with no...
Bitcoin Breaks $85,000 as $648M in Crypto Shorts Liquidated
Bitcoin pushed above $85,000 on April 22, 2025, triggering a wave of forced short closures that wiped out more than $648 million in crypto short positions withi...
ZetaChain Vote Approves Blockchain Retirement, ZETA Move to Solana
ZetaChain’s governance community voted to approve Proposal 68, “Migrate ZETA to Solana,” with the voting period closing on September 20, 2026.
Crypto Liquidations Top $750M as BTC, ETH and XRP Hit Local Highs
Crypto markets logged more than $750 million in total liquidations as Bitcoin, Ethereum and XRP each climbed to local highs, forcing a wave of leveraged positio...
Bitcoin Breaks Above $80,000 as US Treasury Cash Balance Jumps $148B
Bitcoin pushed above $80,000 as the US Treasury cash balance recorded a reported $148 billion increase, drawing attention to a timing overlap between the price...
