Creditors of the bankrupt lender are waiting to receive their assets from the company.
Voyager, whose agreement with Binance US has been broken, is preparing to refund its users. The company will repay its creditors about 36 percent of its assets.
Voyager Will Be Liquidated and Closed
Voyager Digital’s lawyers announced that the bankrupt crypto lender will self-liquid its assets and cease operations after failing to agree to sell to FTX US or Binance US.
According to the filing, Voyager’s clients will receive an initial payment of 36 percent of their crypto holdings. That’s an extremely low payout rate compared to both estimates, where payout rates are 72-73 percent if any of the buyout plans are successful.
The cancellation of the sale of the bankrupt company to Binance US was very disappointing in the eyes of the creditors. The involvement of the court in the Binance US sale ended when Binance withdrew from the agreement. Voyager, which also made sales negotiations with FTX US, returned empty-handed from these negotiations after the company went bankrupt.
As a result, the company, which is preparing for liquidation, will receive refunds to its users in crypto or cash.
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