Voyager Digital to Self-liquidate Assets Post Multiple Acquisition Failures

Voyager Digital to Self-liquidate Assets Post Multiple Acquisition Failures

May 15 is the deadline for filing objections to the liquidation process.
The cancellation of the Binance U.S. acquisition was a major setback.
Due to the failure to reach acquisition agreements with Binance and FTX.US, Voyager Digital plans to self-liquidate its assets and cease operations. The exchange’s unexpected insolvency and the following arrest of its CEO, Sam Bankman-Fried, caused the aborted FTX-Voyager purchase to fall through.
Although the digital asset market has been trying to establish itself in the United States. Despite a severe crackdown by authorities, the breakdown of the agreement with the U.S. subsidiary of crypto behemoth Binance was considered a major setback.
Striving to Repay Creditors
The projected first recovery for Voyager clients was 35.72 percent, as stated in a court filing on May 4th. In addition, the document said that 38 “unsupported” tokens, including Tron (TRX), Solana (SOL), Algorand (ALGO), Celo (CELO), and Avalanche (AVAX), are unable to be

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