Tag Archives: Voyager Digital

Voyager Digital has announced the recovery of $484.35 million from settlements with FTX, Three Arrows Capital (3AC), and Directors and Officers (D&O) insurance. The announcement was part of a status update submitted to the United States Bankruptcy Court for the Southern District of New York, outlining the efforts to recover and allocate assets to creditors following the company’s financial decline. $450 Million FTX Settlement and Major Recoveries According to an April 9...

Investors claim the deal led to total losses of around $4.2 billion when the company collapsed during the crypto contagions of 2022. The lawsuit alleges the NBA was “grossly negligent” in agreeing to a marketing deal between Voyager and Mark Cuban’s Dallas Mavericks. Moreover, several NBA teams had deals to promote crypto companies like Voyager and FTX, which also failed. Unregistered Securities Promotion This latest lawsuit was filed in Miami on Feb. 6, claiming that the NBA...

CoinspeakerVoyager Digital Investors Sue NBA for Promoting the Failed Crypto Lender The lawsuit also names Voyager Digital’s law firm McCarter & English. It is alleged that the firm played on its credibility to issue a bogus "legal opinion" that Voyager’s native utility token Voyager Token (VGX) was not an unregistered security. Voyager Digital Investors Sue NBA for Promoting the Failed Crypto Lender

The United States Commodity Futures Trading Commission (CFTC) filed a complaint against former CEO of Voyager Digital, Stephen Ehrlich, alleging that the ex-chief committed fraud and failed to register the bankrupt crypto lender with the agency. In a related development, another US regulatory body, the Federal Trade Commission (FTC), announced that it reached a settlement with Voyager Digital. CFTC’s Charges Against Stephen Ehrlich The CFTC announced the lawsuit in a press...

Cryptocurrency company Voyager has reportedly transferred a significant portion of its holdings to Coinbase as part of its bankruptcy proceedings. The transferred assets include 1,500 $ETH, valued at approximately $2.77 million, and 250 billion $SHIB, worth around $2.7 million, bringing the total to approximately $5.5 million. Overall, $81.63 million worth of cryptocurrency has been identified in Voyager addresses, according to data from ArkhamIntel. The company is...

CoinspeakerVoyager Creditors Receive $5.1M Bill from Law Firm for March-May Services McDermott Will & Emery has submitted a new bill of $5 million to Voyager creditors for the third interim, leading to a total over $16 million. Voyager Creditors Receive $5.1M Bill from Law Firm for March-May Services

In a major relief for the customers impacted by the Voyager bankruptcy, crypto exchange Gemini has announced the enabling of withdrawals. The crypto transfer window will end on July 23, 2023. In a recent blog post, Gemini confirmed allowing withdrawals for victims of the Voyager bankruptcy case while simultaneously offering a promotional welcome to all Voyager customers who join the crypto exchange. The exchange plans to offer $5 in BTC to new US customers from the bankrupt...

The 30-day window of opportunity opened on Sunday, June 25th, and would run till July 23rd. Voyager customers who have been unable to access their funds since the company folded up last year may finally have something to cheer about. This follows after a recent blog post hinted that customers affected by Voyager’s bankruptcy can now withdraw their funds. According to the blog post, the 30-day window of opportunity opened on Sunday, June 25th, and would run till July 23rd. During this...

In a respite to Voyager Digital customers, the cryptocurrency brokerage is reportedly gearing up to reopen its app, which will enable the withdrawal of their funds. The development comes almost a year after it filed for Chapter 11 bankruptcy. According to a court filing on June 14th, Voyager’s bankruptcy plan administrator, Paul Hage, stated that around June 15, the Voyager app would be updated to enable the viewing of the forms and amounts of their initial distribution. The...

The deal is yet to be finalized as an initial deposit is expected within the next ten days. It is a good day for the embattled crypto lender Celsius Network as crypto consortium Fahrenheit LLC has won the bid to acquire the insolvent firm whose assets were previously valued at $2 billion. According to a May 25th court filing, the Arrington Capital-backed group emerged as the successful bidder after beating NovaWulf Digital Management. Markedly, Fahrenheit is a conglomerate of buyers which...