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CATEGORY: voyager


Legal fees skyrocket in high-profile crypto bankruptcies

Author: Cointelegraph by Amaka Nwaokocha
United States
Jun 01, 2024 12:00

Legal fees skyrocket in high-profile crypto bankruptcies

High-profile bankruptcy cases have become a lucrative goldmine for two major law firms involved in the legal proceedings: Sullivan and Cromwell and Kirkland and Ellis.

Bankruptcy judge signs off on $450M FTX-Voyager settlement

Author: Cointelegraph by Turner Wright
United States
Apr 30, 2024 12:00

Bankruptcy judge signs off on $450M FTX-Voyager settlement

According to the terms of the deal, FTX will relinquish any and all rights to $450 million Voyager Digital has claimed from the crypto exchange.

Apr 14, 2024 02:30

Cardanos Epic Sci-Fi Game Lands On April 23

Cardano-based blockchain game Voyager: Ascension is launching on Gala Games using GalaChain on April 23. Described as a fast-paced sci-fi shooting game, it allows players to explore, conquer, and trade in a virtual universe. The game leverages Cardano’s blockchain technology to provide players with a secure and transparent gaming experience. Diving deeper, the game features a […]

Apr 12, 2024 01:00

Voyager Digital Secures $484 Million from FTX and 3AC Settlements

About $450 million of the recovered funds originated from a settlement with FTX.

Aug 01, 2023 10:10

Voyager Token Price Prediction: VGX Token Rebounds But Launchpad XYZ Coin Presale Targets $1.55 Million

VGX rebounded, finding support at a crucial level, igniting a glimmer of hope for recouping losses. Is it on a sustainable upward trajectory? VGX Breaks [...]

Seven Major Local Companies Embracing Web3 Technology

Author: Shiela Bertillo
Philippines
May 31, 2023 11:10

Seven Major Local Companies Embracing Web3 Technology

Explore the story of how local companies embraced web3 and integrated blockchain, cryptocurrencies, and NFTs into their platforms.

The post Seven Major Local Companies Embracing Web3 Technology appeared first on BitPinas.

Apr 30, 2023 02:15

Google, UK, FTX and Binance in Crypto News


Google expands its Web3 program with 11 blockchain partners, while the UK government commits $125 million to accelerate its AI readiness. FTX is set to sell LedgerX for $50 million, and Binance.US backs out of a $1 billion Voyager asset purchase, citing regulatory concerns. (Read More)

Mar 29, 2023 11:55

Voyager Received $610M USDC From Selling Shiba Inu, & Ethereum

The bankrupt lender still holds 3.1 trillion Shiba Inu (SHIB) tokens and 39,113 Ethereum (ETH). Bankrupt crypto lender Voyager has received up to $610 million worth of USDC in two separate addresses in the past month. These funds come from the lender’s elaborate selloff campaign which involves multiple assets such as Shiba Inu (SHIB), Ether […]

The post Voyager Received $610M USDC From Selling Shiba Inu, & Ethereum first appeared on The Crypto Basic.

Crypto Biz: Google bullish on blockchain, UK’s $125M AI pledge, Voyager and Binance

Author: Cointelegraph By Zhiyuan Sun
United States
Apr 29, 2023 12:00

Crypto Biz: Google bullish on blockchain, UK’s $125M AI pledge, Voyager and Binance

This week’s Crypto Biz explores Google expanding its Web3 program, the U.K.’s $125 AI pledge, FTX selling LedgerX and Binance.US backing out of its Voyager purchase.

Bitcoin price holds its ground in the wake of CFTC case against Binance

Author: Cointelegraph By Marcel Pechman
United States
Mar 29, 2023 12:00

Bitcoin price holds its ground in the wake of CFTC case against Binance

BTC options and derivatives markets seem unfazed by the CFTC’s recent action against Binance, but is that a good or a bad sign?

Voyager's $1B sale to Binance.US put on hold by US court

Author: Cointelegraph By Brayden Lindrea
United States
Mar 28, 2023 08:20

Voyager's $1B sale to Binance.US put on hold by US court

A federal judge has temporarily halted a proposed deal between Voyager and Binance.US in order to give the government more time to pursue appeals that challenge the deal.

Jun 26, 2023 05:40

Gemini Allows Voyager Victims to Claim Funds: Report

Gemini has added support for crypto withdrawals for customers of Voyager Digital.

Binance.US Pulls out of $1 Billion Asset Purchase Deal With Voyager

Author: Anthonia Isichei
Bulgaria
Apr 26, 2023 09:20

Binance.US Pulls out of $1 Billion Asset Purchase Deal With Voyager

After several back and forth, Binance.US has decided to pull the plug on a deal involving the purchase of Voyager's assets.

Apr 27, 2023 01:20

Binance US Terminates $1B Voyager Acquisition Deal

Binance.US has decided to pull out of its $1 billion acquisition deal for Voyager, citing a hostile and uncertain regulatory environment. Acquisition Deal Nuked Voyager creditors cant catch a break....

Apr 26, 2023 07:50

Binance.US-Voyager Deal Breakdown Leads to $10M Escrow Deposit Dispute

Voyager says it is not willing to refund a $10 million payment from Binance.US.

Continue reading at DailyCoin.

Apr 26, 2023 08:45

Binance.US Terminates $1B Voyager Asset Purchase Deal

Binance.US, the American arm of the largest global crypto exchange, has backed out of the $1 billion deal to purchase digital assets from the bankrupt crypto brokerage Voyager Digital. The decision came within a week of US federal regulators dropping the effort to block the deal.

Binance.US Ends a Much-Sought Deal

Binance.US did not specify any reason that forced it to back out from the deal, for which it fought for months with the US federal and state regulator. However, the crypto exchange hinted at the hostility of the regulators.

"While our hope throughout this process was to help Voyager's customers access their crypto in kind, the hostile and uncertain regulatory climate in the United States has introduced an unpredictable operating environment impacting the entire American business community," Binance.US wrote in a tweet.

https://t.co/AZwoBOgsqS has made the difficult decision to exercise its right to terminate the asset purchase agreement with Voyager. While our hope throughout this process was to help Voyager's customers access their crypto in kind, the hostile and uncertain regulatory climate…

— Binance.US ???? (@BinanceUS) April 25, 2023

The Fight for Voyager's Assets

Voyager Digital filed for bankruptcy last July following the collapse of Terra-Luna, which sent shockwaves to the entire cryptocurrency industry. Before going bankrupt, Voyager also sent a notice of default to Singapore-based Three Arrows Capital (3AC) for failing to make payments on a crypto loan of over $650 million. 3AC also collapsed and is now being liquidated.

In the Chapter 11 bankruptcy filing, Voyager revealed that it had more than 100,000 creditors and assets between $1 billion and $10 billion.

The collapse of New Jersey-headquartered and Toronto-listed Voyager also pushed other crypto companies to rush for its discounted crypto assets. FTX US initially won the bid to procure the digital assets of Voyager, but the exchange and its Bahamas-based parent collapsed soon as the ill-business practices of Sam Bankman-Fried surfaced. Later, Binance.US outbid other players to acquire Voyager's assets but faced regulatory backlash.

The official Twitter handles of Voyager and its committee of unsecured creditors also showed distress on Binance.US's abrupt decision to withdraw from the deal.

"Today, we received a letter from Binance.US 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," Voyager tweeted.

"Consistent with the plan, we will now move swiftly to return value to customers via direct distributions. We will provide more information on next steps and any actions customers need to take in the coming days."

2/ In the meantime, the Committee and Voyager are focused on promptly exercising the toggle option under the Plan to move forward immediately with a self-liquidation.

— Voyager Official Committee of Unsecured Creditors (@VoyagerUCC) April 25, 2023 This article was written by Arnab Shome at www.financemagnates.com.

Apr 26, 2023 06:30

Binance.US Calls Off A 1B Deal To Acquire Voyager’s Assets

Binance.US, the American arm of a the major crypto exchange, has terminated a 1 billion deal of purchasing Voyager Digital’s Assets. Voyager has revealed the [...]

Apr 26, 2023 04:10

Binance.US Terminates Asset Purchase Agreement with Voyager

Voyager, a broker in the exciting world of cryptocurrency, has taken to Twitter to share some shocking news with its

Bankrupt Crypto Lender Moves 287 Billion Shiba Inu to Unknown Wallet

Author: Abdulkarim Abdulwahab
United States
Jun 24, 2023 08:15

Bankrupt Crypto Lender Moves 287 Billion Shiba Inu to Unknown Wallet

Billions of Shiba Inu tokens transferred as bankrupt crypto lender Voyager moves funds, potentially connected to reopening withdrawals. Billions of Shiba Inu (SHIB) tokens are on the move as Voyager, the bankrupt crypto lender, transfers funds from its hot wallet. In a recent tweet, Lookonchain, an on-chain analytics firm, revealed that Voyager has been shifting […]

The post Bankrupt Crypto Lender Moves 287 Billion Shiba Inu to Unknown Wallet first appeared on The Crypto Basic.

Apr 21, 2023 07:50

Users Relieved as Binance-Voyager Deal Approved

The Binance-Voyager deal secures approval, bringing relief to users and paving the way for a smooth acquisition.

Continue reading at DailyCoin.

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