Similar to Binance, INX has submitted a non-binding letter of intent to purchase troubled assets from defunct asset management Voyager Digital. INX CEO Shy Datika stated in a press release: “We believe that INX can offer the right combination of credibility, technology, and unique regulatory positioning to protect Voyager customers
Binance U.S is going to resubmit a bid. After FTX filed for Chapter 11 bankruptcy, the agreement with Voyager fell through. Voyager’s exposure to FTX was $3 million as well. It has been reported that Binance U.S, will recommence its offer to acquire defunct cryptocurrency lender Voyager Digital. As a
FTX won the acquisition against Binance and CrossTower. The bid from FTX US is valued at roughly $1.422 billion. The major cryptocurrency exchange FTX, founded by billionaire Sam Bankman-Fried won the bid to buy the assets held by insolvent company Voyager Digital. After multiple rounds of bidding in an intensely
Voyager’s existing CEO, Stephen Ehrlich, will act as interim CFO. This past July, Voyager declared bankruptcy under Chapter 11. During the COVID-19 epidemic, crypto lenders like Voyager saw an influx of customers attracted by the high-interest rates and convenient loan terms they provided compared to conventional financial institutions. CFO Ashwin
Voyager has been trying to refund some of its consumers alongside the selling process. Voyager’s attorneys took offence to this and called it a “low-ball” offer. On Tuesday, a court filing confirmed that the assets of bankrupt cryptocurrency broker Voyager Digital would be auctioned off the following week. Following a
In all, the KERP benefits amount to 22.5% of the salary of those who qualify for them. The request for the KERP payments was accepted by Judge Michael Wiles. The ailing cryptocurrency brokerage Voyager Digital has been allowed permission by a New York bankruptcy court to offer retention incentives to
Voyager Digital filed an application with the United States Bankruptcy Court. The creditors of the exchange, however, did not agree with the plan. The Unsecured Creditors Committee of Voyager Digital Holdings has filed a petition objecting to the business’s plan to retain its workers by offering them financial incentives to
The duo has been accused of continuously exaggerating the capabilities of their service. Voyager Digital filed for chapter 11 bankruptcy in early July. Mark Cuban, the owner of the NBA’s Dallas Mavericks, is being sued by both Voyager Digital investors and Mavericks supporters. Moskowitz Law Firm has initiated the class
Voyager requested a court order to allow customers to withdraw cash. Voyager received the go-ahead from presiding judge Micheal Wiles. As per a report by WSJ, the U.S. Bankruptcy Court in New York has approved Voyager Digital’s repayment of $270 million to impacted consumers. Voyager received the go-ahead from presiding
Voyager is accused by the agencies of making “false and misleading” assertions. Regulators demand that Voyager delete any and all claims and references. Embattled crypto business Voyager Digital was handed a stop and desist order by U.S. financial authorities from the Federal Reserve and Federal Deposit Insurance Corporation on Thursday.
