Crypto broker Voyager Digital will now liquidate its assets deals to sell them FTX US and, more recently, Binance US, have fallen through. 

In a Friday filing, Voyager said that a number of digital assets on the platform that cannot be withdrawn will be liquidated and returned to customers. They include major cryptocurrencies like Algorand (ALGO), Celo (CELO), and Avalanche (AVAX). 

A number of other major cryptocurrencies on the platform will not be liquidated but returned to customers in digital form, albeit at a recovery rate of about 36%, according to the court filing. These include major crypto assets Aave (AAVE), Ethereum (ETH), Bitcoin Cash (BCH) and 65 others. 

Former customers will receive some form of reimbursement soon, the failed firm said on Twitter. “We are hopeful that initial distributions will begin within the next few weeks,” it wrote. 

Binance US, the sister company of crypto exchange Binance that claims to be run independently, walked away from a $1.3 billion restructuring deal to buy Voyager assets last week. It cited a “hostile and uncertain regulatory climate in the United States.” 

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Author: Mathew Di Salvo

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