Voyager Digital liquidates assets and plans to close operations

May 06, 2023
Voyager's creditors will return approximately 36% of their assets, which is several times less than if the platform had been sold earlier. Potential buyers of Voyager were FTX or Binance US.
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Voyager Digital lawyers announced the start of asset liquidation and completion of operations after realizing the impossibility of concluding a deal to sell the platform. This statement was made 10 days after Binance US abruptly abandoned a $1 billion deal to purchase Voyager Digital assets after the intervention of the US government and blocking the transaction.

Recall that earlier Voyager faced a similar situation when trying to make a deal with the FTX exchange, but the loud collapse of the Bankman-Fried company went bankrupt after Voyager itself in November last year.

According to open data, Voyager customers will receive an initial refund of 36% of their crypto assets, which is several times less compared to the two failed sale scenarios. Holders of tokens unsupported by the platform, including SOL and ALGO, will receive a refund in the USDC stablecoin. It is worth noting that the amount of Voyager’s compensation is significantly inferior to the similar situation with the creditors of Celsius, who will receive a refund of about 70% of their assets.