FTX Token

Voyager Digital has recovered $484.35 million through settlements from FTX, 3AC, and Directors and Officers (D&amp;O) insurance.Some $450 million of the funds came from a settlement from FTX according to a recent filing. It comes at a time when FTX founder Sam Bankman-Fried is appealing his 25-year prison sentence.Voyager filed for Chapter 11 bankruptcy in July 2022 following the collapse of LUNA.The settlement, which is expected to be issued soon, accounts for 25% of Voyager creditors&#39; claims.A claim of $675 million has also been obtained by Voyager from its litigation with 3AC. $20.43 million of this claim represents Voyager&#39;s share of the initial distribution.D&amp;O&#39;s settlement stands at $14.35 million. The administrator expects more payments to be disbursed over the next few years.Voyager still faces logistical obstacles including 270,000 uncashed checks totaling $17 million. A deadline of 20 April has been set by Voyager, after which the checks will be void.The firm&#39;s bankruptcy proposal was approved by the United States Bankruptcy Court for the Southern District of New York on 17 May 2023.In October 2023, Voyager Digital&#39;s co-founder Stephen Ehrlich was met with charges from the Commodity Futures Trading Commission (CFTC) for alleged fraud.

Voyager Digital Recovers $484M From FTX, 3AC Settlements

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