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Voyager Releases Chapter 11 Bankruptcy Plan, Offers 2 Options For Customers

Benzinga · May 9, 2023 09:17

VYGVQ --

Cryptocurrency exchangeVoyager Digital(OTC:VYGVQ) is sharing its initial recovery plan with customers after filing for Chapter 11 bankruptcy.

In an email sent to customers on Tuesday, the company detailed the procedures it intends to execute for the company's Chapter 11 plan and how initial recoveries in crypto or cash would be provided to customers through the Voyager app.

According to the email, Voyager's estate has $1.334 billion in assets, which equates to 75.68% of the aggregate value of customer claims against the company. However, customers will receive an initial recovery estimated to be 35.72% of their claim amount due to certain...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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The moomoo app is an online trading platform offered by Moomoo Technologies Inc. Securities, brokerage products and related services available through the moomoo app are offered by including but not limited to the following brokerage firms: Moomoo Financial Inc. regulated by the U.S. Securities and Exchange Commission (SEC), Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS), Futu Securities International (Hong Kong) Limited regulated by the Securities and Futures Commission of Hong Kong (SFC), Moomoo Financial Canada Inc. regulated by the Canadian Investment Regulatory Organization (CIRO) and Futu Securities (Australia) Ltd regulated by the Australian Securities and Investments Commission (ASIC).

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