Voyager Customers Should Recover 50% on Crypto Claims (1)

Voyager Digital Holdings Inc. clients are set to recover approximately 50% of authorized claims against the bankrupt crypto trading platform following an ongoing sale of assets to Binance.US worth $1.022 billion of dollars.

Voyager provided updated creditor recovery estimates in a revised Chapter 11 plan filed Thursday with the U.S. Bankruptcy Court for the Southern District of New York. The company changed its plan in light of a deal reached this week with Binance.US, which stepped in to buy Voyager’s digital assets following the cancelation of the proposed sale of Voyager to FTX.

Under the proposed transaction and plan, customers are expected to recover…