Voyager Digital successfully raised $484.35 million for debt repayment

ChainCatcher news, Voyager Digital has successfully raised $484.35 million through settlements with FTX, Three Arrows Capital (3AC), and Directors and Officers (D&O) insurance to compensate creditors. Among these, the settlement with FTX accounted for the majority, approximately $450 million. The company had filed for bankruptcy protection in July 2022.

Additionally, Voyager obtained approximately $675 million in claims from the lawsuit against Three Arrows Capital, of which $20.43 million has already been allocated to Voyager.

Aside from these settlements, Voyager is also facing some operational hurdles, including a large number of uncashed checks. The deadline is set for April 20.

Voyager is still dealing with issues related to a data breach and is conducting an investigation to determine the source and impact of the leak.

Finally, under a restructuring plan, Voyager customers will initially recover 35.7% of their claims, with part of it being provided in the form of cryptocurrency or cash.