By Alex Wolf
Voyager Digital Holdings Inc. customers are projected to recover about 50% on allowed claims against the bankrupt crypto trading platform following a pending sale of assets to Binance.US worth $1.022 billion.
Voyager provided updated creditor recovery estimates in a revised Chapter 11 plan filed Thursday with the US Bankruptcy Court for the Southern District of New York. The company amended its plan in light of a deal reached this week with Binance.US, which stepped in to purchase Voyager’s digital assets following the cancellation of Voyager’s proposed sale to FTX.
Under the proposed transaction and plan, customers are projected to recover …
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