recently went bankrupt Voyager Digitalreceived approval from the bankruptcy court to return $270 million in customer cash.
It turned out that the CEO of Voyager sold millions of shares at a price close to the peak before the company went bankrupt. Then, the cryptocurrency firm Voyager Digital Holdings Inc., which has been grappling with bankruptcy filings, tries to resolve its post-bankruptcy issues.
Voyager Returns Ready
The US Bankruptcy Court Judge in New York who oversaw Voyager’s bankruptcy Michael Willes decided to allow the company’s customers to access the account held at Metropolitan Commercial Bank (MCB). The bank states that Voyager had approximately $270 million in its account when it filed for bankruptcy.
When the first application was filed, court documents stated that the amount in Voyager’s bank account was approximately $350 million. account protector Metropolitan Commercial Banktold the Journal that Voyager had about $270 million in its account when it filed for bankruptcy.
Despite the MCB being able to return the money to customers with the approval, the court has yet to make a decision on what will happen to the more than $1 billion in crypto assets on Voyager’s platform.
