Million

April

<a href="https://bitcoinworld.co.in/voyager-digital-sees-250-million-in-net-outflow-since-resuming-withdrawals/" title="Voyager Digital Sees $250 Million in Net Outflow Since Resuming Withdrawals" rel="nofollow"></a>
Bankrupt crypto lender Voyager Digital has experienced net outflows of over $250 million since resuming withdrawals on June 23, following a year-long suspension due to its Chapter 11 filing. Data from Dune Analytics reveals that Voyager currently holds approximately $176 million worth of cryptocurrencies. The platform boasts a Clean Asset ratio of 96.15%, excluding its native token VGX. Among its holdings are 2,287.4 BTC, 27,363.7 ETH, 18,558,340 USDC, 2,060 trillion SHIB, and 3,600,000 MATC. 
In May, U.S. Bankruptcy Judge Michael Wiles approved Voyager’s liquidation plan, enabling the return of about $1.33 billion in crypto assets to customers and ending the company’s reorganization efforts under Chapter 11. Customers were informed that they would recover approximately 35% of their cryptocurrency deposits, with the option to withdraw the amount as crypto through the Voyager app or wait 30 days and withdraw as cash. 
Once the initial distribution of 35% of customer funds is completed, Voyager aims to recover additional assets to distribute to its creditors. Notably, Three Arrows Capital, which faced collapse last year, owed nearly $665 million to Voyager. 
Voyager’s attempts to sell its assets were unsuccessful. An agreement to sell assets worth $1.42 billion to FTX fell through when the SBF-led exchange experienced a highly publicized implosion in November. Subsequently, Binance.US offered $1.3 billion to acquire Voyager’s assets, but the deal was abandoned in April due to a “hostile and uncertain regulatory climate” cited by the CZ-led exchange. 
Voyager is currently engaged in litigation with FTX, as the latter seeks to recover over $445 million in loan repayments made to Voyager before filing for bankruptcy. The resolution of the FTX and Voyager litigation is not expected until at least September of this year. 
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Voyager Digital Sees $250 Million in Net Outflow Since Resuming Withdrawals

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