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Voyager Digital is cleared to return $270 million in customer funds



Time:8/5/2022 12:03:31 PM

[Voyager Digital Approved to Return $270 Million in Customer Funds] According to news on August 5, Voyager Digital, an encrypted lending service provider, has been approved by the U.S. Bankruptcy Court, allowing it to return $270 million in customer cash. Judge Michael Wiles, the judge overseeing Voyager's bankruptcy case, ruled that the company provided "sufficient evidence" to support its argument that customers should be allowed access to MetBank custodial accounts, Reuters quoted the Wall Street Journal as saying. (Reuters)

Other news:

Voyager Digital creditors oppose plans to provide executives with legal immunity: Jinse Finance reported that according to a public court document, the Unsecured Creditors Committee (UCC) of the encrypted lending platform Voyager Digital opposed plans to provide executives with legal immunity, The immunity will protect Voyager's directors and officers from future lawsuits who are said to be primarily responsible for the debtor's financial distress.

The UCC investigated the conduct of Voyager executives to see what legal immunity would protect them from, the document said, calling their findings "sobering." The UCC's dissenting opinion urged the court overseeing Voyager's bankruptcy proceedings to reject the legal immunity clause but go ahead with the sale agreement. [2022/10/14 14:27:08]

Voyager asks court to dismiss investors' lawsuit against Mark Cuban: Jinse Finance reports that lawyers for Voyager Digital, which is currently undergoing bankruptcy proceedings, have asked the bankruptcy court to stop investors' lawsuits against company founder and CEO Stephen Ehrlich and Dallas Mavericks owner Mark Cuban. lawsuit.

As previously reported, Mark Cuban was indicted for allegedly promoting the lending platform Voyager Digital. (cryptopotato) [2022/8/24 12:45:47]

Voyager CEO: Encryption business will pay off in the long run: Golden Finance reported that Stephen Ehrlich, CEO of Voyager Digital, said: "Cryptocurrency is increasingly becoming a long-term safe haven for future generations." Investment comes from venture capital. These VCs and private companies are sure to be rewarded long-term for their belief in cryptocurrencies, Ehrlich said. In addition, he also believes that investors in public companies will also be rewarded. When asked if running a crypto business is profitable, Ehrlich was happy to share his experience within the company. “Voyager’s most recent quarter was our best quarter ever, so I certainly think it’s a good time to get into crypto.” (cointelegraph) [2022/3/2 13:31:31]

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