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The US Bankruptcy Court has upheld Voyager Digital’s proposal to freeze a crypto broker’s deposits at Metropolitan Commercial Bank in order to return funds to customers. The Wall
The US Bankruptcy Court has upheld Voyager Digital’s proposal to freeze a crypto broker’s deposits at Metropolitan Commercial Bank in order to return funds to customers. The Wall Street Journal writes that the account contains $270 million.
About $1.3 billion worth of digital assets on the Voyager platform have been filed for bankruptcy. It will be distributed among creditors in the future.
According to Cointelegraph, the crypto broker received a “recovery” offer from 88 interested parties, including FTX, which the company rejected. Active negotiations continue with 20 of them.
Takeover applications are accepted until August 26. The crypto broker’s management plans to nominate a partner in September to complete the restructuring process in the first quarter of 2023.
Recall that the crypto broker filed for bankruptcy in a New York court on July 5, 2022.
Previously, US authorities had requested that Voyager remove any references to the defense. FDIC deposit.
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Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
