Court approves Voyager Digital plan to return $270 million to customers

A U.S. bankruptcy court has approved Voyager Digital’s proposal to unfreeze the crypto broker’s deposit at Metropolitan Commercial Bank for the return of funds to customers. The account holds $270 million, The Wall Street Journal.

The digital assets on the Voyager platform, valued at about $1.3 billion, have entered the bankruptcy estate. They will be distributed among creditors in due course.

According to Cointelegraph, the broker received a rescue offer from 88 interested parties, including FTX, which the company rejected. Active discussions are ongoing with 20 of them.

Expressions of interest in an acquisition are being accepted until 26 August. The broker’s management intends to select a partner in September, with the restructuring process to be completed in the first quarter of 2023.

The broker подал ходатайство о банкротстве in New York on July 5, 2022.

Earlier US authorities demanded that Voyager remove references to FDIC deposit protections.

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