Million

A Delaware bankruptcy judge, John Dorsey, finally <a href="https://restructuring.ra.kroll.com/FTX/Home-DownloadPDF?id1=MzEwMTQwNA==&amp;id2=-1" target="_blank" rel="noopener" data-wpel-link="external">agreed</a> to a $450 million settlement between the now-defunct crypto exchange FTX and the now-bankrupt crypto brokerage Voyager Digital. This ruling was passed on Monday, April 29, 2024. 
Voyager’s creditors will stand to gain from this repayment. It is one among several settlements that the company has been able to make since it filed for bankruptcy in July 2022. 
The settlement will enable Voyager to obtain $4.5 million from the escrow fund and the remaining $445 million from the lawsuit against Alameda Research, which is associated with FTX’s crypto trading firm. In this manner, FTX terminates both the rights to the funds and personal claims to the funds. 
The company is also suing other entities, such as the firm Three Arrows Capital, for fraud. Voyager has proposed a plan that involves repaying its clients 100% of their assets, minus the amount owed to the company. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/04/30/us-senators-probes-tethers-role-in-nations-evading-sanction/" data-wpel-link="internal">US Senators Probes Tether’s Role in Nations Evading Sanction</a> 
</blockquote>

Voyager Secures $450 Million Settlement in Bankruptcy Case

The Crypto Times

Other articles published on Apr 29, 2024

Crypto Rewards Galore: Mark Your Calendar for May

Bitcoin Stabilizes Above $59,600 Amid Declining Selling Pressure and Hong Kong ETF Hopes

Hong Kong vs. US: Which Crypto ETF Market Offers Better Diversification?

Shiba Inu (SHIB) Team Gives Crucial Statement on ShibaSwap and Shibarium

South Korea looks to upgrade status of crypto crime unit

1INCH drops 6%, Is Alameda Research’s crypto dump behind it?

Join our free newsletter for daily crypto updates!