Clients of troubled cryptocurrency brokerage firm Voyager Digital could return up to 72% of their funds as part of the deal between FTX US and Voyager, Bloomberg has learned.
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The agreement between the US-based crypto exchange and the bankrupt broker also includes an option where Voyager can cancel its deal with FTX US if it gets a new offer, where victims can recover more funds. The sale isn't over until US Bankruptcy Judge Michael E. Wiles approves so.
FTX US bought Voyager for about $1.4 billion, of which $51 million was paid in cash. As part of the agreement, FTX would transfer Voyager's funds on to its platform.
In early July, Voyager filed for bankruptcy in the US Bankruptcy Court of the Southern District of New York. Voyager Digital CEO, Steven Ehrlich, said that the bankruptcy was the "best way to protect assets on the platform and maximize value for all stakeholders."
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