Voyager customers may be able to get back 72% of their locked crypto under a tentative deal with FTX US — now awaiting creditor approval.
Customers of bankrupt crypto lender Voyager Digital may be able to recover 72% of the value of their accounts under a tentative deal with FTX US, according to court documents.
The clause is often included in bankruptcy cases, allowing companies to consider higher offers until the sale is finalized to ensure creditors get the best deal possible. Voyager had previously hinted that its customers may eventually transition to the FTX platform after the exchange hadon Sept. 27 at a valuation of approximately $1.4 billion following a two-week bidding process.
The tentative plan from FTX would enable all priority claims to be paid out in full, and allow other account holders to recover approximately 72% of the value of their accounts,
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