For details on which tokens are Supported and Unsupported, please see these FAQs posted on May 8: https://t.co/OoiTu8dIMi 5/6
A hearing on the amended Liquidation Procedures is scheduled for June 6. If the Bankruptcy Court approves the amended Liquidation Procedures, the Plan Administrator intends to move forward with making the initial distribution of Supported Tokens as soon as practicable. 6/6
On May 27, the Plan Administrator filed a proposed amendment to the Liquidation Procedures under which the Plan Administrator will hold back all Unsupported Tokens until a determination can be made regarding whether, and to what extent, they can be liquidated. 1/6
Once the plan is effective, we will provide more information on next steps. (3 / 3)
On Friday, Voyager filed with the Court the procedures detailing how it intends to execute the company’s chapter 11 plan and provide initial recoveries. (1 / 3)
A summary of those procedures, which include information on the estimated initial recovery percentage of customers’ claims and the ability to choose cash or crypto, is available on our blog. (2 / 3) https://t.co/OoiTu8dIMi
4/ Under the terms of the asset purchase agreement, https://t.co/yG7Airmib5 is required to destroy all customer information that it has received and permanently close and remove any accounts established with Voyager customer information.
3/ Our court filing, which details these developments, is available here: https://t.co/f5Htfg27Ou
1/ Today we received a letter from https://t.co/yG7Airmib5 terminating the asset purchase agreement. While this development is disappointing, our chapter 11 plan allows for direct distribution of cash and crypto to customers (a “toggle option”) via the Voyager platform.
Yesterday, in an important milestone to return value to customers, the Court approved Voyager’s chapter 11 plan. In the coming days, we will provide more information to customers as we move to close the plan.
Details on the voting can be found via the linked legal filing: https://t.co/76JcSVbwjI More information to come following Thursday’s hearing. (2/2)
Voyager customer voting on the company’s chapter 11 plan has concluded and finalized: of those who participated, 97% of customers, representing 98% of the total claims, voted in favor. (1/2)
After a review of strategic options focused on maximizing value returned to customers on an expedited timeframe, @BinanceUS has been selected as the highest and best bidder for our assets. Press release below. More information to follow for customers. https://t.co/HcESIpIzgm
The Voyager app is back online. Thank you for your patience.
The Voyager app is currently unavailable. We are working on the issue and will provide an update as soon as we have one.
Voyagers, in light of recent events and reports regarding FTX US, the customer vote will be canceled and the proposed sale will not move forward. We are in active discussions with several alternative bidders. We will keep you updated on reorganization efforts.