Bankrupt Voyager Unveils $1.3 Billion Recovery Plan for Creditors
- Voyager Digital unveils its $1.33B recovery plan after filing for bankruptcy.
- The firm’s on-chain balance includes $141M in stablecoin and $28M in meme coin.
- Its leftover balance is expected from BTC, ALGO, DOGE, DOT, and ADA.
Voyager Digital, the crypto broker that filed for bankruptcy in July 2022, has released a recovery plan, calling for the company to liquidate its assets and return the proceeds to creditors.
Tom Wan, a researcher at the analytic firm 21.co, shared the details of the embattled crypto broker’s recovery plan, outlining that the total assets for recovery are valued at $1.33B.
According to the recovery plan, Voyager’s On-Chain Balance includes $141 million in stablecoin, $90 million in Ethereum (ETH), $9 million in Voyager Token (VGX), and $60 million in altcoins, of which $28 million is in meme coin Shiba Inu (SHIB). Ultimately, the firm has approximately $569 million in cash via the USDC issuer, Circle.
However, the remaining balance of $461 million is expected to come fro…
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Bankrupt Voyager Unveils $1.3 Billion Recovery Plan for Creditors
- Voyager Digital unveils its $1.33B recovery plan after filing for bankruptcy.
- The firm’s on-chain balance includes $141M in stablecoin and $28M in meme coin.
- Its leftover balance is expected from BTC, ALGO, DOGE, DOT, and ADA.
Voyager Digital, the crypto broker that filed for bankruptcy in July 2022, has released a recovery plan, calling for the company to liquidate its assets and return the proceeds to creditors.
Tom Wan, a researcher at the analytic firm 21.co, shared the details of the embattled crypto broker’s recovery plan, outlining that the total assets for recovery are valued at $1.33B.
According to the recovery plan, Voyager’s On-Chain Balance includes $141 million in stablecoin, $90 million in Ethereum (ETH), $9 million in Voyager Token (VGX), and $60 million in altcoins, of which $28 million is in meme coin Shiba Inu (SHIB). Ultimately, the firm has approximately $569 million in cash via the USDC issuer, Circle.
However, the remaining balance of $461 million is expected to come fro…
The post Bankrupt Voyager Unveils $1.3 Billion Recovery Plan for Creditors appeared first on Coin Edition.
Read More