Voyager can't guarantee all customers will receive their crypto under proposed recovery plan

by Aurelia Butler 11 July 2022, 19:40 129 Views

In a Monday blog, Voyager said it had roughly $1.3 billion in affected users’ funds in addition to $650 million of “claims against Three Arrows Capital” — referring to the 15,250 Bitcoin (BTC) and 350 million USD Coin (USDC) loan the firm failed to repay. According to Voyager’s proposed recovery plan — subject to approval from the courts — users may receive a combination of Voyager tokens, cryptocurrencies, “common shares in the newly reorganized company,” and funds from any proceedings with Three Arrows Capital, or 3AC.

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Voyager can't guarantee all customers will receive their crypto under proposed recovery plan

Texas grid operator tells residents to curb power as heat hits record highs

Justice Department investigating PGA Tour for possible antitrust violations tied to LIV Golf

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