TechFlow News — Voyager Digital has successfully raised $484.35 million through settlements with FTX, Three Arrows Capital (3AC), and its directors and officers (D&O) insurance to compensate creditors. The settlement with FTX accounts for the majority of this amount, approximately $450 million. The company had filed for bankruptcy protection in July 2022.
In addition, Voyager secured about $675 million in claims from its litigation against Three Arrows Capital, of which $20.43 million has already been distributed to Voyager.
Besides these settlements, Voyager continues to face operational challenges, including a large number of uncashed checks. The deadline is set for April 20.
Voyager is also still addressing an ongoing data breach and conducting an investigation to determine the source and impact of the incident.
Finally, under a restructuring plan, Voyager customers will initially recover 35.7% of their claims, with part of the recovery provided in cryptocurrency or cash.
