Voyager Plans to Liquidate Assets, Creditors Expect to Recover Only 36% of Its Assets

Voyager will liquidate its assets and wind down its business on its own as it fails to reach a sale agreement with either FTX US or Binance US, lawyers working on the Voyager Digital case said, according to CoinDesk. In a filing Friday, Voyager Digital said it had given up looking for a buyer after Binance US pulled out of the acquisition. 

According to the filing, Voyager's assets retain $446 million for litigation related to Alameda Research, in addition to an additional $259.6 million withheld for litigation costs, administrative claims. voyager's customers will receive an initial recovery rate of 36 percent of their crypto holdings, and creditors holding 67 backed tokens on the platform will be able to directly Voyager will liquidate and reimburse customers with stablecoin USDC for creditors holding an additional 38 unbacked tokens.