Express
Crypto Lender Voyager Digital Gets Approval to Return $270 Million to Customers
Summary: The U.S. Bankruptcy Court in New York has given crypto firm Voyager Digital Holdings Inc the approval to return $270 million in customer cash, the Wall Street Journal reported on Thursday. Judge Michael Wiles, who is overseeing Voyager's bankruptcy, ruled that the company provided "sufficient basis" to support its contention that customers should be allowed ...
The U.S. Bankruptcy Court in New York has given crypto firm Voyager Digital Holdings Inc the approval to return $270 million in customer cash, the Wall Street Journal reported on Thursday.
Judge Michael Wiles, who is overseeing Voyager's bankruptcy, ruled that the company provided "sufficient basis" to support its contention that customers should be allowed access to the custodial account held at Metropolitan Commercial Bank.Voyager had about $270 million in the account when it filed for bankruptcy, the bank has said.
In recent weeks, Voyager has asked for the bankruptcy court’s permission to honor customer withdrawal requests for cash funds held in custody at New York-based Metropolitan Commercial Bank.
By Amy Liu
Tags: Voyager Digital
Link: Crypto Lender Voyager Digital Gets Approval to Return $270 Million to Customers [Copy]
