Voyager Digital obtained a total of $484.35 million from their insurance policy, FTX, and 3AC towards a settlement. This significant financial boost is part of their strategy to repay their debts to creditors following their bankruptcy declaration in July 2022.
Approximately half the $450m was contributed by FTX’s case. This allows creditors to recoup around a quarter of their original claims. Additionally, Voyager gained a creditor claim worth $675m with an initial distribution amounting to $20.43m. Notably, during D&O mediation, creditors received $14.35m.
Despite this, Voyager encounters hurdles. They hold approximately 270,000 uncashed checks, equivalent to a $17 million backlog. The cut-off date for cashing them is set for April 20th. Notably, the same financial institution is currently probing a data breach incident that compromised the confidential creditor information of third parties.
Read More
- Cookie Run Kingdom: Shadow Milk Cookie Toppings and Beascuits guide
- Broadway Box Office: Idina Menzel in ‘Redwood’ Sees Strong Start
- We’re Terrible At Organizing Things.’ Tom Holland Reveals The Sweet Holiday Scheme He And Zendaya Are Going To Try Next Year
- New Era and BEAMS Reunite for Spring/Summer 2025 Collection
- Buffy the Vampire Slayer Reboot: Sarah Michelle Gellar Returns to Save the Day!
- Neil Gaiman’s Ex-Wife Amanda Palmer on Sexual Assault and Human Trafficking Claims: “I Deny the Allegations”
- Deva: Shahid Kapoor and Pooja Hegde’s lip-lock scene gets trimmed by CBFC? Film’s runtime and rating revealed
- Jodhaa Akbar Turns 17: The Academy to celebrate Hrithik Roshan and Aishwarya Rai starrer with special screening in March 2025
- The Rookie’s Jenna Dewan Teases Return After Season 7 Absence, But The Showrunner Spilled Those Beans Already
- 🔥 Ember Nodes Sale: Fuse’s L2 Expansion Ignites! 💥
2024-04-12 01:56