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Voyager Digital, a crypto lender that declared bankruptcy, has recently reopened withdrawals for investors, leading to an outflow of over $250 million in crypto assets. This comes nearly a year after the company filed for Chapter 11 bankruptcy and suspended all withdrawals.The <a href="https://cases.stretto.com/Voyager" rel="noopener noreferrer nofollow">bankruptcy</a> of Voyager Digital occurred in the <a href="https://cryptotale.org/arrest-warrant-against-terraform-founder-for-stealing-luna-gains/" rel="noopener noreferrer nofollow">aftermath</a> of the Terra ecosystem&#39;s collapse, which led to the loss of over $40 billion in investor funds. This event triggered a severe liquidity crisis for Voyager Digital, leading to its bankruptcy.The company&#39;s decision to <a href="https://cases.stretto.com/public/x193/11753/PLEADINGS/1175306142380000000027.pdf" rel="noopener noreferrer nofollow">allow withdrawals</a> again was made on June 23. Since then, <a href="https://dune.com/21co/potential-contagion?Voyager&#43;Interval_ee9bc0&#61;weekly" rel="noopener noreferrer nofollow">data</a> from Dune Analytics shows that the platform has seen a net outflow of $250 million in crypto assets. Despite this significant outflow, Voyager Digital still holds $176 million in crypto assets, maintaining a Clean Asset ratio of 96.15%. These assets include 2,287.4 BTC, 27,363.7 ETH, 18,558,340 USDC, and 2,060 trillion SHIB.The court approved Voyager Digital&#39;s bankruptcy plan on May 17. According to this plan, customers would initially receive 35.72% of their claims. They could choose to withdraw this amount either as cryptocurrency through the Voyager app or as cash after a 30-day waiting period.Read full article at<a href="https://cryptotale.org/voyager-digitals-recovery-stumbles-as-250-million-exits-platform/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Voyager Digital's Recovery Stumbles as $250 Million Exits Platform

CryptoTale

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