Summary
TLDR: Voyager Digital, previously in bankruptcy, has recovered $484.35 million through settlements with FTX and others. Plans are underway to repay creditors, with efforts to recover additional assets ongoing. Operational challenges, such as unclaimed funds and a data breach, persist. Customers are urged to claim funds by April 20, 2024.
Key Points
1. Voyager Digital has successfully amassed $484.35 million through settlements, primarily with FTX, representing a significant breakthrough in its recovery efforts.
2. Plans are in place to expediently disburse the funds acquired from settlements with FTX, D&O Insurance, and Three Arrows Capital as part of the next stage of repayments to creditors.
3. Voyager’s ongoing efforts to recover lost assets include a substantial claim in the Three Arrows Capital litigation, customer withdrawals reinstatement, and further anticipated disbursements from asset liquidations and litigation settlements in the future.