Voyager Digital Recovers $484 Million from FTX and 3AC Settl...

Voyager's bankruptcy proceedings have seen positive developments after the company's recent settlements, and it looks like the company will recoup more money. According to a filing dated April 9, 2024, bankrupt crypto lender Voyager Digital said it has recovered around $484 million through settlements with crypto exchange FTX, VC Three Arrows Capital (3AC), and Directors and Officers (D&O) insurance. As noted, the settlement with FTX will release $450 million, representing roughly 25% of creditors' original claims. Once the settlement agreement is approved, the money will soon be distributed to Voyager's creditors. More Money Was Recovered The filing states that the FTX Debtors' $5 million deposit, previously made during Voyager's bankruptcy sale and held in escrow, will be released to the Wind-Down Debtor. Voyager also announced it reached a settlement with D&O insurance, and as a ...