Bankrupt crypto lender Voyager Digital will wound down its operations and liquidate its asset following failed attempts to sell them.
The bankrupt lender said its customers would get 36% of their assets. Voyager said customers with supported crypto holdings, like Bitcoin and Ethereum, can directly withdraw the allocated percentage.
Voyager Users won’t be Made Whole
Those with unsupported tokens, like Solana, would be repaid in USDC after the liquidation.
The 36% recovery rate is meager compared to the estimated 70% that Celsius creditors will get. If the deal with Binance.US or FTX were successful, the creditors would have recovered over 70% of their assets.
Bankrupt Lenders’ Creditors Recovery Could Rise to 64% if Alameda Claw Back Effort Fails
Meanwhile, Voyager creditors could still recover 64% of their assets if Alameda Research’s effort to claw back $446 million from the firm fails.
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Author: Oluwapelumi Adejumo
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